Kestra Advisory Services LLC Sells 3,798 Shares of Shell PLC Unsponsored ADR $SHEL

Key Points

• Kestra Advisory Services LLC has reduced its stake in Shell PLC Unsponsored ADR by 5.5%, owning 65,769 shares valued at approximately $4.82 million following the sale of 3,798 shares during the first quarter.
• Shell reported a quarterly earnings per share (EPS) of $1.42, exceeding analysts' expectations of $1.13, despite a revenue of $66.44 billion falling short of the consensus estimate of $69.31 billion.
• The company has approved a $3.50 billion stock repurchase plan to buy back up to 1.8% of its shares, signaling potential confidence from leadership regarding the stock's valuation.

Kestra Advisory Services LLC lowered its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,769 shares of the energy company's stock after selling 3,798 shares during the period. Kestra Advisory Services LLC's holdings in Shell were worth $4,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new position in shares of Shell during the 1st quarter worth about $25,000. Avalon Trust Co acquired a new stake in Shell in the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. raised its holdings in Shell by 103.4% in the 1st 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 period. Cheviot Value Management LLC bought a new position in Shell in the 1st quarter valued at about $37,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in Shell in the 1st quarter valued at about $38,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL traded down $0.01 during mid-day trading on Friday, hitting $73.92. 1,874,060 shares of the company's stock were exchanged, compared to its average volume of 3,279,760. The company has a quick ratio of 1.07, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The firm has a market cap of $217.19 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.44. The stock's 50-day simple moving average is $71.80 and its 200-day simple moving average is $68.87. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.21.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.29. The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a net margin of 4.93% and a return on equity of 10.67%. On average, equities research 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 will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.9%. Shell's dividend payout ratio (DPR) is currently 64.41%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHEL. Melius Research began coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target on the stock. Melius began coverage on shares of Shell in a report on Wednesday, August 20th. They issued a "hold" rating and a $70.00 price target on the stock. Scotiabank reissued an "outperform" rating on shares of Shell in a report on Friday, July 11th. HSBC reissued a "hold" rating and issued a $78.30 price target (down from $78.90) on shares of Shell in a report on Monday, August 4th. Finally, Wells Fargo & Company lowered their target price on shares of Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Shell currently has an average rating of "Moderate Buy" and an average target price of $76.71.

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.