Pure Financial Advisors LLC Makes New $362,000 Investment in Shell PLC Unsponsored ADR (NYSE:SHEL)

Pure Financial Advisors LLC bought a new position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 4,934 shares of the energy company's stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alpine Bank Wealth Management bought a new position in shares of Shell in the 1st quarter worth about $238,000. HBK Sorce Advisory LLC raised its position in shares of Shell by 11.8% in the 1st quarter. HBK Sorce Advisory LLC now owns 16,914 shares of the energy company's stock worth $1,239,000 after acquiring an additional 1,789 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in shares of Shell by 11.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,872 shares of the energy company's stock worth $137,000 after acquiring an additional 197 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Shell by 146.1% in the 1st quarter. Golden State Wealth Management LLC now owns 2,700 shares of the energy company's stock worth $198,000 after acquiring an additional 1,603 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Shell by 17.3% in the 1st quarter. Bessemer Group Inc. now owns 15,401 shares of the energy company's stock worth $1,128,000 after acquiring an additional 2,277 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SHEL shares. TD Cowen lowered their price objective on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Scotiabank decreased their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Sanford C. Bernstein lowered Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Finally, Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $78.11.

Shell Stock Performance

Shares of SHEL opened at $70.98 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32. The stock has a 50 day moving average price of $67.63 and a two-hundred day moving average price of $66.52. The firm has a market capitalization of $211.03 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.85 and a beta of 0.39. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week high of $74.46.

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

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

Shell Announces Dividend

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 $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.04%. Shell's payout ratio is presently 65.90%.

Shell Company 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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