U.S. Capital Wealth Advisors LLC Sells 6,049 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

U.S. Capital Wealth Advisors LLC decreased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,059 shares of the energy company's stock after selling 6,049 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Shell were worth $5,354,000 as of its most recent SEC filing.

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

Shell Stock Up 2.0%

SHEL traded up $1.41 during mid-day trading on Tuesday, reaching $71.23. 3,806,943 shares of the stock were exchanged, compared to its average volume of 4,875,247. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32. The stock has a market capitalization of $211.79 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.81 and a beta of 0.40. The company has a 50 day moving average price of $68.34 and a two-hundred day moving average price of $66.94. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, May 2nd. The energy company reported $1.84 EPS 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 return on equity of 11.71% and a net margin of 4.75%. During the same period in the previous year, the business posted $2.40 EPS. As a group, research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Friday, May 16th. Shell's dividend payout ratio is currently 65.90%.

Shell declared that its Board of Directors has approved a stock buyback program 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 programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SHEL. Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank reduced their price objective on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. TD Cowen reduced their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a research report on Monday, June 16th. Finally, Wells Fargo & Company reduced their price target on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $78.54.

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.