Quotient Wealth Partners LLC Sells 6,406 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Quotient Wealth Partners LLC decreased its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 64.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,496 shares of the energy company's stock after selling 6,406 shares during the period. Quotient Wealth Partners LLC's holdings in Shell were worth $256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Wilshire Securities Management Inc. raised its stake in shares of Shell by 1.6% during the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after purchasing an additional 153 shares in the last quarter. Titleist Asset Management LLC raised its stake in shares of Shell by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock valued at $346,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC raised its stake in shares of Shell by 5.0% during the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after purchasing an additional 165 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Shell by 2.4% during the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock valued at $505,000 after purchasing an additional 170 shares in the last quarter. Finally, Golden State Equity Partners raised its stake in shares of Shell by 5.1% during the first quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock valued at $261,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SHEL shares. Piper Sandler restated an "overweight" rating and set a $83.00 price objective (up from $80.00) on shares of Shell in a research note on Wednesday, July 2nd. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Barclays reaffirmed an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Wells Fargo & Company lowered their target price on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Two investment 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $78.54.

Shell Stock Up 0.0%

NYSE:SHEL traded up $0.02 on Friday, hitting $72.32. 4,603,350 shares of the company's stock traded hands, compared to its average volume of 4,482,279. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a 1 year low of $58.55 and a 1 year high of $74.46. The firm has a 50-day moving average price of $68.86 and a 200-day moving average price of $67.16. The company has a market cap of $215.03 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.40.

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

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid 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 yield of 3.96%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Shell announced that its Board of Directors has approved a stock buyback plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.