Rhumbline Advisers Decreases Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Rhumbline Advisers reduced its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,785 shares of the energy company's stock after selling 12,476 shares during the period. Rhumbline Advisers' holdings in Shell were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Shell by 51.7% during the fourth 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 during the period. Private Advisor Group LLC boosted its position in Shell by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock valued at $2,078,000 after buying an additional 301 shares during the period. Barclays PLC boosted its holdings in Shell by 136.2% in the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after purchasing an additional 4,512 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Shell by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock valued at $12,521,000 after purchasing an additional 14,937 shares during the period. Finally, Choate Investment Advisors boosted its holdings in Shell by 119.0% in the fourth quarter. Choate Investment Advisors now owns 7,500 shares of the energy company's stock valued at $470,000 after purchasing an additional 4,076 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHEL has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Hsbc Global Res raised Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, TD Cowen reduced their target price on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $78.26.

Shell Price Performance

Shell stock opened at $72.35 on Wednesday. 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 $66.35 and a 200 day moving average price of $66.16. The company has a market cap of $215.11 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.86 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32.

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

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 3.96%. Shell's dividend payout ratio is presently 65.90%.

Shell announced that its board has initiated a stock repurchase plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors 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.

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