Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 60.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,828 shares of the energy company's stock after selling 27,234 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Shell were worth $1,306,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SHEL. Brighton Jones LLC boosted its stake 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 acquiring an additional 2,545 shares during the period. Private Advisor Group LLC boosted its stake in Shell by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock valued at $2,078,000 after acquiring an additional 301 shares during the period. Barclays PLC boosted its stake in Shell by 136.2% in 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in Shell by 8.1% in 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 during the period. Finally, Choate Investment Advisors boosted its stake in Shell by 119.0% in 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 during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

NYSE SHEL opened at $70.13 on Wednesday. The stock has a market capitalization of $208.52 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.85 and a beta of 0.39. Shell PLC Unsponsored ADR has a 1 year low of $58.55 and a 1 year high of $74.46. The business's fifty day moving average is $67.29 and its two-hundred day moving average is $66.41. 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 (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, 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 quarter in the prior year, the company earned $2.40 earnings per share. On average, research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell declared that its board has approved a stock repurchase plan on Friday, May 2nd that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the energy company to purchase up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Friday, May 16th. Shell's payout ratio is 65.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays reaffirmed an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Wells Fargo & Company cut their price target on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Scotiabank cut their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Piper Sandler boosted their target price on Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, TD Securities reissued a "buy" rating on shares of Shell in a report on Friday, April 4th. Two 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. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $78.26.

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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