Crossmark Global Holdings Inc. Sells 16,367 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Crossmark Global Holdings Inc. lowered its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,225 shares of the energy company's stock after selling 16,367 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Shell were worth $27,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in 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 raised its holdings in shares of Shell by 136.2% during the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock valued at $490,000 after acquiring an additional 4,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Shell by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock valued at $12,521,000 after acquiring an additional 14,937 shares in the last quarter. Choate Investment Advisors raised its holdings in shares of Shell by 119.0% during the fourth quarter. Choate Investment Advisors now owns 7,500 shares of the energy company's stock valued at $470,000 after acquiring an additional 4,076 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in shares of Shell by 100.9% during the first quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock valued at $845,000 after acquiring an additional 5,794 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Up 2.0%

Shares of NYSE:SHEL traded up $1.41 on Tuesday, hitting $71.23. 3,806,943 shares of the company traded hands, compared to its average volume of 4,459,685. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week high of $74.46. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $68.45 and a 200-day simple moving average of $66.97. The company has a market cap of $211.79 billion, a PE ratio of 16.41, a PEG ratio of 1.76 and a beta of 0.40.

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

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

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.02%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SHEL shares. Piper Sandler restated an "overweight" rating and set a $83.00 target price (up previously from $80.00) on shares of Shell in a report on Wednesday, July 2nd. Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Wells Fargo & Company reduced their price target on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Barclays reaffirmed an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $78.54.

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.