Lincluden Management Ltd. Takes Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Lincluden Management Ltd. purchased a new position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,874 shares of the energy company's stock, valued at approximately $3,288,000.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares in the last quarter. Voloridge Investment Management LLC raised its position in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after purchasing an additional 2,182,253 shares during the period. Freestone Grove Partners LP bought a new position in shares of Shell during the fourth quarter valued at approximately $83,204,000. New York State Common Retirement Fund bought a new position in shares of Shell during the first quarter valued at approximately $63,721,000. Finally, Merewether Investment Management LP grew its stake in shares of Shell by 46.5% during the fourth quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company's stock valued at $141,777,000 after buying an additional 718,233 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Shell Trading Up 0.1%

NYSE SHEL traded up $0.05 on Monday, reaching $72.04. The stock had a trading volume of 1,665,810 shares, compared to its average volume of 4,781,915. The firm has a market capitalization of $212.97 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 2.09 and a beta of 0.40. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.46. The stock has a fifty day moving average price of $69.86 and a two-hundred day moving average price of $67.77.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.54 by $0.30. The business had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same quarter in the previous year, the firm posted $2.40 earnings per share. As a group, sell-side analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell declared that its board has initiated a stock repurchase plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 3.98%. Shell's dividend payout ratio (DPR) is 65.90%.

Analysts Set New Price Targets

SHEL has been the topic of several research analyst reports. TD Securities reissued a "buy" rating on shares of Shell in a research note on Friday, April 4th. Wells Fargo & Company reduced their target price on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, TD Cowen lowered their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Shell presently has an average rating of "Moderate Buy" and a consensus target price of $78.69.

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.