Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Bought by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC increased its holdings in Shell PLC Unsponsored ADR by 7.6% during the first quarter, totaling 513,791 shares valued at approximately $37.6 million.
• Shell recently declared a quarterly dividend of $0.716 per share, representing a yield of 3.9% and a payout ratio of 64.41%.
• The company's stock has performance metrics including a market capitalization of $214.88 billion and analysts expect it to post $7.67 earnings per share for the current year.

Neuberger Berman Group LLC grew its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 513,791 shares of the energy company's stock after purchasing an additional 36,354 shares during the quarter. Neuberger Berman Group LLC's holdings in Shell were worth $37,611,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SHEL. Brighton Jones LLC grew its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. Barclays PLC boosted its position in Shell by 136.2% during the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after acquiring an additional 4,512 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Shell by 6.8% during the fourth quarter. CreativeOne Wealth LLC now owns 8,888 shares of the energy company's stock worth $557,000 after acquiring an additional 564 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Shell by 3.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 10,042 shares of the energy company's stock worth $629,000 after acquiring an additional 319 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Shell by 0.9% during the fourth quarter. Evergreen Capital Management LLC now owns 218,933 shares of the energy company's stock worth $13,716,000 after acquiring an additional 1,995 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Hsbc Global Res downgraded shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Santander downgraded shares of Shell to a "neutral" rating in a research note on Friday, July 11th. Finally, Piper Sandler increased their price target on shares of Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $78.64.

Shell Stock Down 1.0%

Shell stock traded down $0.70 during midday trading on Friday, hitting $71.94. 3,237,960 shares of the stock were exchanged, compared to its average volume of 4,008,621. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.18. The firm has a market cap of $212.67 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.91 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The company has a 50 day moving average price of $71.46 and a two-hundred day moving average price of $68.41.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results 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. Shell had a net margin of 4.93% and a return on equity of 10.67%. The firm had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. On average, sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend 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%.

Shell declared that its Board of Directors has authorized a stock buyback program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback programs are generally an indication 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.