Portland Global Advisors LLC lowered its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 21.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,295 shares of the energy company's stock after selling 4,240 shares during the period. Portland Global Advisors LLC's holdings in Shell were worth $1,121,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Kennebec Savings Bank bought a new stake in shares of Shell during the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. boosted its position in shares of Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after purchasing an additional 181 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Shell during the 4th quarter valued at about $34,000. Summit Securities Group LLC boosted its position in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Shell during the 4th quarter valued at about $43,000. Institutional investors own 28.60% of the company's stock.
Analysts Set New Price Targets
SHEL has been the topic of a number of research reports. TD Cowen dropped their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Wells Fargo & Company dropped their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Piper Sandler lifted their price target on Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of Shell in a report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Shell has an average rating of "Moderate Buy" and a consensus price target of $78.69.
Check Out Our Latest Stock Report on SHEL
Shell Trading Up 0.3%
Shares of NYSE:SHEL traded up $0.18 during trading on Monday, reaching $72.17. 2,910,230 shares of the company were exchanged, compared to its average volume of 3,773,387. The firm has a market capitalization of $213.35 billion, a PE ratio of 16.63, a P/E/G ratio of 2.09 and a beta of 0.40. The business's fifty day simple moving average is $69.86 and its 200-day simple moving average is $67.77. 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 12-month low of $58.54 and a 12-month high of $74.46.
Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same period in the previous year, the company earned $2.40 earnings per share. On average, research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.
Shell announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to buy up to 1.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.
Shell Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 3.97%. Shell's dividend payout ratio (DPR) is presently 65.90%.
About Shell
(
Free Report)
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.
Further Reading
Before you consider Shell, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shell wasn't on the list.
While Shell currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
