Kingsview Wealth Management LLC Purchases 5,002 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Kingsview Wealth Management LLC boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 30.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,327 shares of the energy company's stock after buying an additional 5,002 shares during the period. Kingsview Wealth Management LLC's holdings in Shell were worth $1,563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in Shell by 32.3% during the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares during the last quarter. Wellington Management Group LLP boosted its stake in Shell by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock valued at $500,123,000 after purchasing an additional 238,705 shares during the last quarter. Franklin Resources Inc. boosted its stake in Shell by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock valued at $377,352,000 after purchasing an additional 50,228 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after buying an additional 2,182,253 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Shell by 20.1% in the 4th quarter. Northern Trust Corp now owns 3,101,330 shares of the energy company's stock worth $194,298,000 after buying an additional 519,105 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of research analyst reports. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. TD Cowen cut their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Scotiabank restated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Wells Fargo & Company cut their target price on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Three investment 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. Based on data from MarketBeat, Shell has an average rating of "Moderate Buy" and an average price target of $78.69.

Shell Stock Performance

SHEL stock traded down $0.02 during midday trading on Friday, reaching $70.32. 5,240,578 shares of the company's stock traded hands, compared to its average volume of 4,515,796. The company has a 50-day moving average price of $69.39 and a two-hundred day moving average price of $67.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week high of $74.46. The firm has a market capitalization of $209.08 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.98 and a beta of 0.40.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (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 business had revenue of $69.23 billion for the quarter, compared to analysts' expectations of $79.18 billion. During the same quarter in the previous year, the firm posted $2.40 EPS. As a group, equities analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were issued a dividend of $0.716 per share. The ex-dividend date was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.07%. Shell's payout ratio is 65.90%.

Shell declared that its board has authorized a stock repurchase program 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 programs are usually an indication that the company's board believes its stock is 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.