Shell PLC Unsponsored ADR $SHEL Shares Sold by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management LLC has reduced its stake in Shell PLC Unsponsored ADR by 4.0%, owning 181,830 shares worth approximately $13.3 million.
• Other institutional investors, such as Dimensional Fund Advisors and Goldman Sachs, have increased their holdings in Shell, indicating a mixed sentiment among institutional investors.
• Shell announced a quarterly dividend of $0.716 per share and a $3.5 billion stock buyback plan, reflecting management's confidence in the company's stock value.

Van Hulzen Asset Management LLC cut its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 4.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 181,830 shares of the energy company's stock after selling 7,480 shares during the period. Shell accounts for about 1.2% of Van Hulzen Asset Management LLC's holdings, making the stock its 24th biggest position. Van Hulzen Asset Management LLC's holdings in Shell were worth $13,325,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Circle Wealth Management LLC raised its holdings in Shell by 6.8% in the 1st quarter. Circle Wealth Management LLC now owns 9,953 shares of the energy company's stock valued at $729,000 after acquiring an additional 637 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Shell by 54.6% during the 1st quarter. Compound Planning Inc. now owns 38,493 shares of the energy company's stock worth $2,821,000 after buying an additional 13,602 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Shell by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 580,143 shares of the energy company's stock worth $42,510,000 after buying an additional 12,591 shares during the last quarter. Bragg Financial Advisors Inc increased its holdings in shares of Shell by 1.4% during the 1st quarter. Bragg Financial Advisors Inc now owns 134,728 shares of the energy company's stock worth $9,873,000 after buying an additional 1,798 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Shell by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,253,238 shares of the energy company's stock worth $531,519,000 after buying an additional 352,569 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SHEL shares. Piper Sandler dropped their price objective on Shell from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Sanford C. Bernstein downgraded Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. HSBC reaffirmed a "hold" rating and set a $78.30 price target (down from $78.90) on shares of Shell in a research report on Monday, August 4th. Santander cut shares of Shell to a "neutral" rating in a research report on Friday, July 11th. Finally, Wells Fargo & Company decreased 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. Ten research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $76.71.

Shell Stock Down 0.1%

Shares of SHEL stock traded down $0.11 during trading hours on Tuesday, hitting $73.71. 2,616,362 shares of the company were exchanged, compared to its average volume of 4,635,544. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.18. The business's 50-day simple moving average is $71.66 and its two-hundred day simple moving average is $68.69. The stock has a market capitalization of $216.58 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.94 and a beta of 0.44.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS 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 for the quarter, compared to analysts' expectations of $69.31 billion. Sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

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

Shell announced that its board has authorized a stock repurchase program on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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.