Shell PLC Unsponsored ADR (NYSE:SHEL) is Penn Davis Mcfarland Inc.'s 7th Largest Position

Penn Davis Mcfarland Inc. grew its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 509,246 shares of the energy company's stock after buying an additional 4,217 shares during the quarter. Shell accounts for approximately 4.4% of Penn Davis Mcfarland Inc.'s investment portfolio, making the stock its 7th biggest holding. Penn Davis Mcfarland Inc.'s holdings in Shell were worth $37,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC grew its position in shares of Shell by 32.3% during the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares during the period. Voloridge Investment Management LLC grew its holdings in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after purchasing an additional 2,182,253 shares during the period. Raymond James Financial Inc. purchased a new stake in Shell in the fourth quarter worth $91,716,000. Freestone Grove Partners LP bought a new stake in shares of Shell in the fourth quarter valued at $83,204,000. Finally, Merewether Investment Management LP grew its stake in shares of Shell by 46.5% during the 4th quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company's stock worth $141,777,000 after acquiring an additional 718,233 shares during the period. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Price Performance

NYSE SHEL traded up $1.56 during trading on Thursday, reaching $71.00. The company's stock had a trading volume of 5,058,616 shares, compared to its average volume of 4,452,189. The stock has a market capitalization of $211.09 billion, a PE ratio of 16.36, a P/E/G ratio of 1.83 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. The firm has a fifty day moving average of $67.39 and a 200 day moving average of $66.43. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 4.75% and a return on equity of 11.71%. During the same period last year, the firm posted $2.40 earnings per share. Analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.03%. Shell's dividend payout ratio is presently 65.90%.

Shell declared that its board has initiated a share repurchase program on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SHEL shares. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Piper Sandler lifted their price objective on shares of Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Wells Fargo & Company dropped their target price on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday. Scotiabank reduced their price target 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. Finally, TD Cowen dropped their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $78.11.

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.