Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,522 shares of the energy company's stock after acquiring an additional 10,606 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Shell were worth $3,556,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SHEL. World Investment Advisors lifted its holdings in Shell by 5.4% in the first quarter. World Investment Advisors now owns 9,349 shares of the energy company's stock worth $685,000 after purchasing an additional 481 shares during the period. Wayfinding Financial LLC acquired a new stake in Shell in the first quarter worth about $58,000. Capital Investment Advisory Services LLC lifted its holdings in Shell by 8.7% in the first quarter. Capital Investment Advisory Services LLC now owns 5,607 shares of the energy company's stock worth $411,000 after purchasing an additional 451 shares during the period. Wedgewood Investors Inc. PA acquired a new stake in Shell in the first quarter worth about $220,000. Finally, 44 Wealth Management LLC lifted its holdings in Shell by 22.8% in the first quarter. 44 Wealth Management LLC now owns 24,188 shares of the energy company's stock worth $1,773,000 after purchasing an additional 4,494 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Barclays reaffirmed an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Hsbc Global Res raised shares of Shell to a "strong-buy" rating in a report on Tuesday, May 13th. TD Securities reissued a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $78.54.

Shell Price Performance

SHEL stock opened at $71.40 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46. The firm has a market capitalization of $212.28 billion, a PE ratio of 16.45, a P/E/G ratio of 1.81 and a beta of 0.40. The firm has a 50-day moving average of $68.26 and a two-hundred day moving average of $66.88.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The company had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. During the same period in the prior year, the firm earned $2.40 earnings per share. On average, analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, May 16th. Shell's dividend payout ratio is presently 65.90%.

Shell announced that its board has approved a share repurchase plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Shell Company 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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