Callan Family Office LLC Has $3.12 Million Stock Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Key Points

• Callan Family Office LLC reduced its position in Shell PLC Unsponsored ADR by 10.6% in the first quarter, holding 42,636 shares worth approximately $3.12 million after selling 5,073 shares.
• Shell reported earnings of $1.42 per share for the quarter, exceeding analyst expectations of $1.13, but its revenue fell short at $66.44 billion against an expected $69.31 billion.
• The company has authorized a $3.50 billion share buyback program, indicating management's belief that the shares are undervalued, and is offering a quarterly dividend of $0.716 per share with a 4.0% yield.

Callan Family Office LLC reduced its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,636 shares of the energy company's stock after selling 5,073 shares during the quarter. Callan Family Office LLC's holdings in Shell were worth $3,124,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Warther Private Wealth LLC raised its stake in Shell by 5.0% during the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock worth $252,000 after acquiring an additional 165 shares in the last quarter. Harbour Capital Advisors LLC increased 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 valued at $505,000 after buying an additional 170 shares in the last quarter. Golden State Equity Partners increased 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 valued at $261,000 after buying an additional 173 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of 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 in the last quarter. Finally, MGO One Seven LLC increased its stake in shares of Shell by 5.7% in the fourth quarter. MGO One Seven LLC now owns 3,468 shares of the energy company's stock valued at $217,000 after buying an additional 187 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Scotiabank restated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Wells Fargo & Company lowered their target price on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Santander cut Shell to a "neutral" rating in a report on Friday, July 11th. Piper Sandler raised their price target on Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $78.64.

Shell Stock Down 1.0%

Shares of NYSE:SHEL traded down $0.70 during trading on Friday, hitting $71.94. 3,237,960 shares of the company's stock traded hands, compared to its average volume of 4,008,621. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week 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 company has a market cap of $212.67 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.93 and a beta of 0.44. The company has a 50-day moving average price of $71.46 and a 200-day moving average price of $68.38.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $69.31 billion. As a group, research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell announced that its Board of Directors has initiated a share buyback plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding 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 shares are undervalued.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell's dividend payout ratio (DPR) is currently 64.41%.

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.