Smartleaf Asset Management LLC Has $1.27 Million Holdings in Shell PLC Unsponsored ADR $SHEL

Key Points

• Smartleaf Asset Management LLC increased its stake in Shell PLC Unsponsored ADR by 29.3% in the first quarter, holding 17,388 shares valued at approximately $1.27 million as of the latest filing.
• Shell has seen significant growth from other institutional investors, with several firms, including Brighton Jones LLC and Barclays PLC, substantially raising their positions in the last quarter.
• Research analysts have maintained a generally positive outlook on Shell, with ten analysts recommending a Buy rating and a consensus target price set at $76.71.

Smartleaf Asset Management LLC grew its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 29.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,388 shares of the energy company's stock after buying an additional 3,941 shares during the quarter. Smartleaf Asset Management LLC's holdings in Shell were worth $1,265,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Shell by 7.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 270,481 shares of the energy company's stock valued at $19,821,000 after acquiring an additional 18,707 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in shares of Shell by 3.9% in the first quarter. Sax Wealth Advisors LLC now owns 4,367 shares of the energy company's stock worth $320,000 after acquiring an additional 164 shares during the last quarter. Circle Wealth Management LLC raised its holdings in Shell by 6.8% in the first quarter. Circle Wealth Management LLC now owns 9,953 shares of the energy company's stock valued at $729,000 after buying an additional 637 shares during the period. Compound Planning Inc. raised its holdings in Shell by 54.6% in the first quarter. Compound Planning Inc. now owns 38,493 shares of the energy company's stock valued at $2,821,000 after buying an additional 13,602 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Shell by 2.2% during the first quarter. Ameriprise Financial Inc. now owns 580,143 shares of the energy company's stock valued at $42,510,000 after purchasing an additional 12,591 shares during the period. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Price Performance

SHEL stock traded up $0.28 during trading on Thursday, hitting $73.99. The company had a trading volume of 1,961,983 shares, compared to its average volume of 4,605,530. The firm has a market capitalization of $217.40 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.95 and a beta of 0.44. The business has a 50 day moving average of $71.73 and a 200 day moving average of $68.76. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $74.18. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The energy company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.29. Shell had a net margin of 4.93% and a return on equity of 10.67%. The business had revenue of $66.44 billion during the quarter, compared to the consensus estimate of $69.31 billion. As a group, research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell announced that its Board of Directors has approved a stock 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 repurchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be given a $0.716 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a yield of 3.9%. Shell's payout ratio is 64.41%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SHEL shares. Hsbc Global Res lowered shares of Shell from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 4th. Piper Sandler dropped their price target on shares of Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. HSBC restated a "hold" rating and issued a $78.30 price target (down previously from $78.90) on shares of Shell in a research note on Monday, August 4th. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Shell in a report on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $76.71.

Shell Company 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.