Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 50.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,955 shares of the energy company's stock after selling 9,981 shares during the period. Daymark Wealth Partners LLC's holdings in Shell were worth $729,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares during the period. Voloridge Investment Management LLC boosted its holdings in Shell by 170.3% in the fourth 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 during the period. Raymond James Financial Inc. acquired a new position in Shell in the fourth quarter worth $91,716,000. Freestone Grove Partners LP acquired a new position in Shell in the fourth quarter worth $83,204,000. Finally, Merewether Investment Management LP boosted its position in Shell by 46.5% during the 4th quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company's stock valued at $141,777,000 after purchasing an additional 718,233 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Trading Up 2.2%

Shares of SHEL stock opened at $71.00 on Friday. 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 1 year low of $58.55 and a 1 year high of $74.46. The stock has a fifty day moving average of $67.51 and a two-hundred day moving average of $66.47. The firm has a market capitalization of $211.09 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39.

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, topping analysts' consensus estimates 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 the consensus estimate of $79.18 billion. During the same quarter in the previous year, the business earned $2.40 EPS. As a group, research analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell announced that its board has approved a share buyback 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 reacquire up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Friday, May 16th. Shell's dividend payout ratio is presently 65.90%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SHEL shares. Wells Fargo & Company reduced their price objective on Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday. TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen reduced their price objective on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein lowered Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Shell presently has an average rating of "Buy" and a consensus price target of $78.11.

Shell 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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