Pzena Investment Management LLC Boosts Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Pzena Investment Management LLC boosted its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,592,218 shares of the energy company's stock after purchasing an additional 15,043 shares during the period. Pzena Investment Management LLC owned about 0.12% of Shell worth $263,238,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Kennebec Savings Bank bought a new position in shares of Shell in the first quarter worth $25,000. Brown Lisle Cummings Inc. increased its stake in 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 acquiring an additional 181 shares during the last quarter. CoreFirst Bank & Trust bought a new position in Shell in the fourth quarter valued at $28,000. Transce3nd LLC bought a new position in Shell in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in Shell in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Trading Down 0.0%

Shares of NYSE:SHEL traded down $0.02 during trading on Friday, reaching $70.32. The company's stock had a trading volume of 5,240,578 shares, compared to its average volume of 4,513,247. 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 PLC Unsponsored ADR has a 12 month low of $58.55 and a 12 month high of $74.46. The firm's 50 day simple moving average is $69.39 and its two-hundred day simple moving average is $67.46. The stock has a market capitalization of $209.08 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.98 and a beta of 0.40.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data 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 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 prior year, the company posted $2.40 EPS. On average, research analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.07%. Shell's payout ratio is currently 65.90%.

Shell declared that its board has authorized a share repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Santander lowered shares of Shell to a "neutral" rating in a report on Friday, July 11th. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Finally, TD Cowen dropped their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Shell currently 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.