Stonegate Investment Group LLC boosted its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 56.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,527 shares of the energy company's stock after purchasing an additional 7,042 shares during the quarter. Stonegate Investment Group LLC's holdings in Shell were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new stake in Shell during the 1st quarter worth about $25,000. CoreFirst Bank & Trust acquired a new position in shares of Shell during the 4th quarter worth about $28,000. Transce3nd LLC acquired a new position in shares of Shell during the 4th quarter worth about $34,000. Millstone Evans Group LLC acquired a new position in shares of Shell during the 4th quarter worth about $36,000. Finally, Summit Securities Group LLC grew its position in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after buying an additional 200 shares during the period. 28.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
SHEL has been the subject of several analyst reports. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Piper Sandler boosted their target price on Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. TD Cowen decreased their price objective on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Finally, Scotiabank decreased their price objective on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Two equities research 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. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $78.26.
Check Out Our Latest Analysis on Shell
Shell Trading Up 0.5%
NYSE:SHEL opened at $72.34 on Friday. Shell PLC Unsponsored ADR has a twelve month low of $58.55 and a twelve month 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. The business has a 50 day moving average price of $66.97 and a two-hundred day moving average price of $66.31. The company has a market cap of $215.08 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.39.
Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results 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. Shell had a return on equity of 11.71% and a net margin of 4.75%. The firm had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. During the same quarter in the prior year, the firm posted $2.40 EPS. As a group, analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.
Shell announced that its Board of Directors has initiated a share repurchase program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.
Shell Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio (DPR) is currently 65.90%.
About Shell
(
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.
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