Cutter & CO Brokerage Inc. Sells 5,671 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Cutter & CO Brokerage Inc. lessened its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 37.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,413 shares of the energy company's stock after selling 5,671 shares during the quarter. Cutter & CO Brokerage Inc.'s holdings in Shell were worth $690,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake in Shell by 32.3% during the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after buying an additional 21,118,234 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of 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 in the last quarter. Franklin Resources Inc. grew its stake in shares of Shell by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after purchasing an additional 50,228 shares during the last quarter. Voloridge Investment Management LLC raised its holdings 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 purchasing an additional 2,182,253 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Shell by 20.1% during the fourth 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 in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the subject of several research analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Santander cut Shell to a "neutral" rating in a research note on Friday. Finally, Wells Fargo & Company reduced their price target on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.69.

Shell Stock Performance

Shares of SHEL stock traded down $0.58 during mid-day trading on Tuesday, reaching $70.52. The stock had a trading volume of 1,238,346 shares, compared to its average volume of 4,481,197. 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 cap of $209.67 billion, a PE ratio of 16.23, a P/E/G ratio of 1.98 and a beta of 0.40. The firm's 50 day simple moving average is $68.86 and its 200 day simple moving average is $67.24. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.

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

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Friday, May 16th. Shell's dividend payout ratio is currently 65.90%.

Shell declared that its board has initiated a stock repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership 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.