Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Bought by GQG Partners LLC

Key Points

• GQG Partners LLC significantly increased its stake in Shell PLC Unsponsored ADR by 42,743.3% during the 1st quarter, acquiring approximately 2,867,929 shares valued at $210.16 million.
• Shell recently announced a quarterly dividend of $0.716 per share, which provides an annualized yield of 4.0%, with payments set for September 22nd.
• Analysts have mixed views on Shell's shares, with ratings varying from "buy" to "hold", and an average price target of $78.64 indicating a potential upside from its current trading price.

GQG Partners LLC increased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 42,743.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,867,929 shares of the energy company's stock after acquiring an additional 2,861,235 shares during the quarter. GQG Partners LLC owned approximately 0.10% of Shell worth $210,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SHEL. Nuveen LLC acquired a new position in shares of Shell during the 1st quarter valued at about $180,366,000. Voloridge Investment Management LLC boosted its position in shares of Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after acquiring an additional 2,182,253 shares during the last quarter. Freestone Grove Partners LP acquired a new position in shares of Shell during the 4th quarter valued at about $83,204,000. Deutsche Bank AG boosted its position in shares of Shell by 2,096.7% during the 1st quarter. Deutsche Bank AG now owns 1,217,115 shares of the energy company's stock valued at $89,190,000 after acquiring an additional 1,161,709 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Shell by 21.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company's stock valued at $481,582,000 after acquiring an additional 1,150,198 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on SHEL shares. Piper Sandler upped their target price on shares of Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Hsbc Global Res cut shares of Shell from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. HSBC reaffirmed a "hold" rating and issued a $78.30 target price (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research report on Friday, July 11th. 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 stock currently has an average rating of "Moderate Buy" and an average price target of $78.64.

Shell Stock Up 1.1%

Shares of NYSE:SHEL opened at $72.21 on Wednesday. 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 firm has a market capitalization of $213.47 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. The firm's 50-day moving average is $71.17 and its two-hundred day moving average is $68.25. 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 released its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $69.31 billion. Analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

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 paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell's dividend payout ratio is presently 64.41%.

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

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.

Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.