SBI Securities Co. Ltd. Boosts Stock Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

SBI Securities Co. Ltd. raised its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,983 shares of the energy company's stock after purchasing an additional 7,186 shares during the quarter. SBI Securities Co. Ltd.'s holdings in Shell were worth $4,542,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. First Wilshire Securities Management Inc. boosted its stake in shares of Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after buying an additional 153 shares during the last quarter. Titleist Asset Management LLC boosted its stake in shares of Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after buying an additional 164 shares during the last quarter. Warther Private Wealth LLC boosted its stake in shares of Shell by 5.0% in the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock worth $252,000 after buying an additional 165 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Shell by 2.4% in the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock worth $505,000 after buying an additional 170 shares during the last quarter. Finally, Golden State Equity Partners boosted its stake in shares of Shell by 5.1% in the first quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock worth $261,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Performance

NYSE SHEL opened at $72.32 on Monday. 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. The stock's 50 day simple moving average is $68.86 and its 200-day simple moving average is $67.24. Shell PLC Unsponsored ADR has a 1-year low of $58.55 and a 1-year high of $74.46. 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 (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. The business had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. Shell had a return on equity of 11.71% and a net margin of 4.75%. During the same quarter last year, the business posted $2.40 earnings per share. As a group, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

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

Shell Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Scotiabank lowered their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price target on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Shell has a consensus rating of "Moderate Buy" and an average price target of $78.54.

Shell 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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