Van Strum & Towne Inc. Makes New Investment in Shell PLC Unsponsored ADR (NYSE:SHEL)

Van Strum & Towne Inc. bought a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 4,630 shares of the energy company's stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHEL. First Wilshire Securities Management Inc. raised its position in Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after acquiring an additional 153 shares in the last quarter. Titleist Asset Management LLC boosted its holdings in Shell by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after acquiring an additional 164 shares during the period. Warther Private Wealth LLC raised its position in shares of Shell by 5.0% during the 1st quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company's stock valued at $252,000 after acquiring an additional 165 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Shell by 2.4% during the 1st quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company's stock valued at $505,000 after acquiring an additional 170 shares in the last quarter. Finally, Golden State Equity Partners increased its position in Shell by 5.1% in the first quarter. Golden State Equity Partners now owns 3,562 shares of the energy company's stock worth $261,000 after buying an additional 173 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Price Performance

Shares of NYSE SHEL traded up $0.32 during midday trading on Monday, reaching $70.60. 424,757 shares of the stock traded hands, compared to its average volume of 4,500,158. The stock has a market capitalization of $208.71 billion, a PE ratio of 16.26, a P/E/G ratio of 2.04 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. The company's 50 day moving average is $69.39 and its 200 day moving average is $67.53. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.30. Shell had a return on equity of 11.71% and a net margin of 4.75%. The company had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same period last year, the business earned $2.40 earnings per share. On average, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell declared that its Board of Directors has authorized a stock buyback 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 repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Friday, May 16th. Shell's payout ratio is 65.90%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SHEL shares. TD Securities restated a "buy" rating on shares of Shell in a report on Friday, April 4th. Sanford C. Bernstein cut Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Wells Fargo & Company reduced their target price on Shell from $80.00 to $79.00 and set an "overweight" rating on the stock in a report on Thursday, June 26th. Barclays reissued an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Cowen cut their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Shell presently has an average rating of "Moderate Buy" and a consensus 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.

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