Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Sold by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management Ltd. reduced its stake in Shell PLC by 4.2%, selling 215,986 shares, and now holds approximately 0.16% of the company valued at $361.2 million.
• Institutional investors and hedge funds collectively own 28.60% of Shell's stock, with FMR LLC increasing its position by 32.3% and Voloridge Investment Management LLC by 170.3% in the last quarter.
• Analysts have mixed ratings on Shell; it holds a consensus rating of "Moderate Buy" with a target price averaging $78.69, despite recent adjustments lowering targets by some banks.

Mawer Investment Management Ltd. reduced its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,929,664 shares of the energy company's stock after selling 215,986 shares during the period. Shell comprises 1.7% of Mawer Investment Management Ltd.'s investment portfolio, making the stock its 17th biggest position. Mawer Investment Management Ltd. owned approximately 0.16% of Shell worth $361,246,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kennebec Savings Bank purchased a new position in Shell during the first quarter worth $25,000. Brown Lisle Cummings Inc. increased its position in Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after buying an additional 181 shares in the last quarter. Transce3nd LLC purchased a new position in Shell during the fourth quarter worth $34,000. Summit Securities Group LLC increased its position in Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after buying an additional 200 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Shell during the fourth quarter worth $43,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Down 0.4%

Shares of SHEL traded down $0.32 during midday trading on Friday, reaching $71.89. 3,915,277 shares of the company were exchanged, compared to its average volume of 4,785,795. The stock has a 50-day moving average price of $70.21 and a 200-day moving average price of $67.88. The company has a market cap of $212.53 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 2.08 and a beta of 0.40. Shell PLC Unsponsored ADR has a 1-year low of $58.54 and a 1-year high of $74.18. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.05). Shell had a return on equity of 11.71% and a net margin of 4.75%. The business had revenue of $66.44 billion during the quarter, compared to analyst estimates of $69.31 billion. Research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

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

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. Shell's payout ratio is 65.90%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHEL. TD Cowen decreased their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Santander cut Shell to a "neutral" rating in a report on Friday, July 11th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Piper Sandler raised their price objective on Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell has an average rating of "Moderate Buy" and an average price target of $78.69.

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.