Stephens Inc. AR cut its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,513 shares of the energy company's stock after selling 32,589 shares during the period. Stephens Inc. AR's holdings in Shell were worth $3,995,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Kennebec Savings Bank acquired a new stake in Shell in the first quarter worth approximately $25,000. Brown Lisle Cummings Inc. increased its holdings in shares of Shell by 103.4% in the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock valued at $26,000 after buying an additional 181 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Shell in the fourth quarter valued at $28,000. Transce3nd LLC bought a new position in shares of Shell in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of Shell in the fourth quarter valued at $36,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. Santander downgraded shares of Shell to a "neutral" rating in a research note on Friday, July 11th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Barclays reaffirmed an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, TD Cowen dropped their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, ten have assigned 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 "Moderate Buy" and a consensus price target of $78.69.
Check Out Our Latest Research Report on Shell
Shell Trading Up 0.3%
SHEL stock traded up $0.23 during midday trading on Wednesday, reaching $70.63. The company's stock had a trading volume of 2,319,555 shares, compared to its average volume of 4,490,546. The business's 50-day simple moving average is $69.08 and its 200-day simple moving average is $67.33. The stock has a market cap of $210.00 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.95 and a beta of 0.40. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week high of $74.46. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.
Shell (NYSE:SHEL - Get Free Report) last issued 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. The firm had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same period in the previous year, the business earned $2.40 EPS. As a group, sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.
Shell Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Friday, May 16th. Shell's dividend payout ratio (DPR) is presently 65.90%.
Shell declared that its board has initiated a stock buyback plan on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.
Shell Profile
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Free Report)
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.
Further Reading
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