Level Four Advisory Services LLC Acquires 3,953 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Level Four Advisory Services LLC increased its holdings in Shell PLC Unsponsored ADR by 17.5%, now owning 26,544 shares valued at approximately $1.95 million.
• Shell recently reported quarterly earnings of $1.42 EPS, surpassing estimates and showing revenues of $66.44 billion, compared to an expectation of $69.31 billion.
• The company's Board of Directors has authorized a stock repurchase plan of $3.50 billion, indicating confidence in the stock's valuation as undervalued.

Level Four Advisory Services LLC grew its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,544 shares of the energy company's stock after buying an additional 3,953 shares during the period. Level Four Advisory Services LLC's holdings in Shell were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SHEL. Kennebec Savings Bank acquired a new stake in shares of Shell in the first quarter valued at about $25,000. Avalon Trust Co acquired a new stake in shares of Shell in the first quarter valued at about $25,000. Brown Lisle Cummings Inc. increased its stake in shares of Shell by 103.4% in the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after buying an additional 181 shares during the period. Cheviot Value Management LLC acquired a new stake in shares of Shell in the first quarter valued at about $37,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of Shell in the first quarter valued at about $38,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SHEL shares. Piper Sandler decreased their target price on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Hsbc Global Res cut Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Melius started coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. Melius Research began coverage on Shell in a research note on Wednesday, August 20th. They set a "hold" rating and a $70.00 target price for the company. Finally, Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Shell presently has an average rating of "Moderate Buy" and a consensus target price of $76.71.

Shell Stock Down 0.2%

Shares of SHEL stock traded down $0.17 during trading hours on Tuesday, reaching $73.66. The company had a trading volume of 1,866,549 shares, compared to its average volume of 4,631,103. Shell PLC Unsponsored ADR has a 12 month low of $58.54 and a 12 month high of $74.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The business has a fifty day simple moving average of $71.66 and a 200-day simple moving average of $68.69. The company has a market cap of $216.41 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.44.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.29. The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. On average, research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, August 15th. Shell's dividend payout ratio (DPR) is 64.41%.

Shell announced that its Board of Directors has approved a share buyback program on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.