Shell PLC Unsponsored ADR (NYSE:SHEL) Position Trimmed by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. reduced its holdings in Shell PLC Unsponsored ADR by 13.0% in the first quarter, now owning 165,192 shares valued at approximately $12.1 million.
• Institutional investors now own 28.60% of Shell's stock, with various funds adjusting their positions following the recent stock activity.
• Shell's latest earnings report exceeded expectations, with an EPS of $1.42 compared to the consensus estimate of $1.13, though its revenue fell short at $66.44 billion.

Tocqueville Asset Management L.P. decreased its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,192 shares of the energy company's stock after selling 24,578 shares during the period. Tocqueville Asset Management L.P.'s holdings in Shell were worth $12,105,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Warther Private Wealth LLC boosted its holdings 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 acquiring an additional 165 shares during the period. Harbour Capital Advisors LLC boosted its holdings 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 acquiring an additional 170 shares during the period. Golden State Equity Partners boosted its holdings 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 acquiring an additional 173 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after acquiring an additional 181 shares during the period. Finally, Klingman & Associates LLC boosted its holdings in shares of Shell by 5.4% during the first quarter. Klingman & Associates LLC now owns 3,607 shares of the energy company's stock valued at $264,000 after acquiring an additional 186 shares during the period. Institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SHEL shares. Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Santander downgraded shares of Shell to a "neutral" rating in a report on Friday, July 11th. Wells Fargo & Company reduced their price objective on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. HSBC reaffirmed a "hold" rating and issued a $78.30 price objective (down previously from $78.90) on shares of Shell in a report on Monday, August 4th. Finally, Piper Sandler upped their price objective on shares of Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $78.64.

Shell Price Performance

NYSE SHEL opened at $71.94 on Friday. The stock's 50-day moving average price is $71.46 and its two-hundred day moving average price is $68.41. 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 PE ratio of 16.20, a PEG ratio of 1.91 and a beta of 0.44. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.18.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.29. The firm had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. On average, analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

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

Shell declared that its Board of Directors has authorized a share repurchase plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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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