OLD Mission Capital LLC Has $4.01 Million Stake in Shell PLC Unsponsored ADR $SHEL

Key Points

• OLD Mission Capital LLC increased its stake in Shell PLC Unsponsored ADR by 10.9% during the first quarter, bringing their total shares to 54,745 valued at $4,012,000.
• Shell's recent quarterly earnings report revealed an EPS of $1.42, exceeding expectations, although revenues were below analysts' forecasts at $66.44 billion.
• The company announced a stock repurchase program allowing for $3.50 billion in buybacks, suggesting the board believes the stock is undervalued.

OLD Mission Capital LLC lifted its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,745 shares of the energy company's stock after buying an additional 5,362 shares during the period. OLD Mission Capital LLC's holdings in Shell were worth $4,012,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC boosted its holdings in Shell by 3.9% during the first quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company's stock worth $320,000 after buying an additional 164 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Shell by 5.0% during the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock worth $252,000 after buying an additional 165 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Shell by 2.4% during the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock worth $505,000 after buying an additional 170 shares in the last quarter. Golden State Equity Partners boosted its stake in Shell by 5.1% in the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock worth $261,000 after purchasing an additional 173 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its stake in Shell by 103.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Wells Fargo & Company cut their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. HSBC reiterated a "hold" rating and issued a $78.30 target price (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Piper Sandler cut their target price on shares of Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Finally, Hsbc Global Res downgraded shares of Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.71.

Shell Stock Performance

SHEL traded down $1.02 during trading on Wednesday, hitting $72.78. The stock had a trading volume of 4,528,978 shares, compared to its average volume of 4,581,393. The firm has a market cap of $213.83 billion, a PE ratio of 16.39, a P/E/G ratio of 1.96 and a beta of 0.46. Shell PLC Unsponsored ADR has a 12 month low of $58.54 and a 12 month high of $74.21. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $71.93 and a 200-day simple moving average of $68.96.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.13 by $0.29. The firm had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. Analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

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

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.