Shell PLC Unsponsored ADR (NYSE:SHEL) is Regency Capital Management Inc. DE's 10th Largest Position

Regency Capital Management Inc. DE decreased its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 29.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,187 shares of the energy company's stock after selling 31,605 shares during the quarter. Shell comprises 3.2% of Regency Capital Management Inc. DE's holdings, making the stock its 10th largest position. Regency Capital Management Inc. DE's holdings in Shell were worth $5,436,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in SHEL. Brighton Jones LLC boosted its holdings in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the last quarter. Barclays PLC raised its position 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 purchasing an additional 4,512 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Shell by 4.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company's stock worth $1,401,000 after purchasing an additional 815 shares during the period. Merit Financial Group LLC increased its position in shares of Shell by 100.9% during the 1st quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock worth $845,000 after purchasing an additional 5,794 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after buying an additional 2,182,253 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of SHEL traded up $0.06 during midday trading on Monday, reaching $70.34. 3,365,781 shares of the stock were exchanged, compared to its average volume of 4,511,199. The business's 50-day moving average price is $69.39 and its 200 day moving average price is $67.53. The company has a market capitalization of $207.92 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.04 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. Shell PLC Unsponsored ADR has a twelve month low of $58.55 and a twelve month high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating 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 business 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 firm earned $2.40 earnings per share. On average, sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell announced that its Board of Directors has initiated a share repurchase 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 purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were issued a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.07%. Shell's dividend payout ratio (DPR) is 65.90%.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of research analyst reports. Hsbc Global Res raised shares of Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Santander lowered Shell to a "neutral" rating in a research report on Friday, July 11th. TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Barclays restated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $78.69.

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.