Qtron Investments LLC Purchases 4,401 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Qtron Investments LLC increased its stake in Shell PLC Unsponsored ADR by 43.3%, acquiring 4,401 additional shares during the first quarter, bringing its total holdings to 14,558 shares valued at approximately $1,067,000.
• Analysts have mixed sentiments regarding Shell, with several firms downgrading their ratings while others, like Piper Sandler, raised the price target to $84.00, indicating a general consensus rating of "Moderate Buy".
• Shell announced a quarterly dividend of $0.716 per share, with an annual yield of 4.0%, alongside a newly initiated $3.5 billion share buyback program to buy back up to 1.8% of its shares, reflecting confidence in its valuation.

Qtron Investments LLC lifted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 43.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,558 shares of the energy company's stock after buying an additional 4,401 shares during the quarter. Qtron Investments LLC's holdings in Shell were worth $1,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. Warther Private Wealth LLC raised its stake in Shell by 5.0% in the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after buying an additional 165 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in Shell by 2.4% in the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock valued at $505,000 after buying an additional 170 shares during the last quarter. Golden State Equity Partners raised its stake in Shell by 5.1% in the first quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock valued at $261,000 after buying an additional 173 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in Shell by 103.4% in the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after buying an additional 181 shares during the last quarter. Finally, Klingman & Associates LLC raised its stake in Shell by 5.4% in the first quarter. Klingman & Associates LLC now owns 3,607 shares of the energy company's stock valued at $264,000 after buying an additional 186 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Santander lowered Shell to a "neutral" rating in a report on Friday, July 11th. Hsbc Global Res lowered Shell from a "strong-buy" rating to a "hold" rating in a report on Monday, August 4th. Sanford C. Bernstein lowered Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. HSBC reaffirmed a "hold" rating and set a $78.30 target price (down from $78.90) on shares of Shell in a report on Monday, August 4th. Finally, Piper Sandler raised their target price on Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $78.64.

Shell Trading Down 1.0%

Shares of NYSE SHEL opened at $71.94 on Monday. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.18. 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 stock has a fifty day simple moving average of $71.46 and a 200-day simple moving average of $68.42. The stock has a market capitalization of $211.37 billion, a PE ratio of 16.20, a PEG ratio of 1.91 and a beta of 0.44.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.29. Shell had a return on equity of 10.67% and a net margin of 4.93%. The business had revenue of $66.44 billion during the quarter, compared to analysts' expectations of $69.31 billion. On average, equities analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's payout ratio is presently 64.41%.

Shell announced that its Board of Directors has initiated a share buyback program on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.

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