Victrix Investment Advisors Reduces Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Victrix Investment Advisors reduced its position in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 25.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,130 shares of the energy company's stock after selling 6,311 shares during the quarter. Victrix Investment Advisors' holdings in Shell were worth $1,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Shell during the 4th quarter worth $629,000. IFP Advisors Inc lifted its stake in shares of Shell by 4.9% in the 4th quarter. IFP Advisors Inc now owns 15,167 shares of the energy company's stock worth $950,000 after acquiring an additional 713 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Shell by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 590,728 shares of the energy company's stock worth $37,009,000 after acquiring an additional 68,120 shares during the period. Finally, Denali Advisors LLC raised its holdings in Shell by 1.1% during the fourth quarter. Denali Advisors LLC now owns 17,001 shares of the energy company's stock worth $1,065,000 after purchasing an additional 182 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the topic of several recent analyst reports. TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Piper Sandler raised their target price on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Wells Fargo & Company cut their price target on shares of Shell from $80.00 to $79.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Sanford C. Bernstein downgraded shares of Shell from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of "Buy" and a consensus target price of $78.11.

Shell Stock Performance

NYSE:SHEL opened at $71.00 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 market capitalization of $211.09 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $67.51 and a two-hundred day moving average price of $66.47.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $79.18 billion. During the same quarter in the prior year, the company earned $2.40 EPS. As a group, research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were issued a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.03%. Shell's dividend payout ratio (DPR) is 65.90%.

Shell announced that its Board of Directors has initiated a share buyback program on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board 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.

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