OneAscent Financial Services LLC Acquires New Stake in Shell PLC Unsponsored ADR (NYSE:SHEL)

OneAscent Financial Services LLC bought a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,824 shares of the energy company's stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHEL. Brighton Jones LLC grew its position in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. Barclays PLC grew its position in Shell by 136.2% during the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after buying an additional 4,512 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Shell by 4.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock worth $1,401,000 after acquiring an additional 815 shares during the last quarter. Merit Financial Group LLC increased its stake in Shell by 100.9% in the 1st quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock worth $845,000 after buying an additional 5,794 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after acquiring an additional 2,182,253 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SHEL shares. Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank reiterated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. TD Cowen dropped their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler increased their price objective on Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Hsbc Global Res raised Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Shell presently has an average rating of "Moderate Buy" and an average price target of $78.69.

Shell Price Performance

NYSE:SHEL opened at $70.34 on Tuesday. The company has a market cap of $207.92 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.04 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46. The firm's fifty day moving average price is $69.39 and its two-hundred day moving average price is $67.53.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 11.71% and a net margin of 4.75%. During the same quarter in the prior year, the company earned $2.40 earnings per share. Equities analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.07%. Shell's dividend payout ratio is presently 65.90%.

Shell announced that its Board of Directors has authorized a share buyback program on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Shell Profile

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.

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