Foundry Partners LLC Has $33.45 Million Stock Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Foundry Partners LLC cut its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 456,454 shares of the energy company's stock after selling 42,183 shares during the period. Shell makes up about 1.8% of Foundry Partners LLC's investment portfolio, making the stock its 5th largest holding. Foundry Partners LLC's holdings in Shell were worth $33,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new position in shares of Shell in the first quarter valued at $25,000. Brown Lisle Cummings Inc. raised its stake in Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after purchasing an additional 181 shares during the period. CoreFirst Bank & Trust acquired a new stake in Shell during the 4th quarter valued at $28,000. Transce3nd LLC acquired a new stake in Shell during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new stake in Shell during the 4th quarter valued at $36,000. Institutional investors own 28.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Santander cut shares of Shell to a "neutral" rating in a report on Friday, July 11th. Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. TD Securities restated a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Piper Sandler upped their price target on shares of Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Shell has a consensus rating of "Moderate Buy" and a consensus target price of $78.69.

Shell Price Performance

Shares of Shell stock traded down $0.02 during midday trading on Friday, reaching $70.32. The company had a trading volume of 5,240,578 shares, compared to its average volume of 4,515,796. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $209.08 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.98 and a beta of 0.40. The stock has a fifty day simple moving average of $69.39 and a 200 day simple moving average of $67.50. Shell PLC Unsponsored ADR has a 1-year low of $58.55 and a 1-year high of $74.46.

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

Shell Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.07%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Shell declared that its board has authorized a stock repurchase program on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Shell Company 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.