Wealth Enhancement Advisory Services LLC Sells 56,139 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Wealth Enhancement Advisory Services LLC cut its stake in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 13.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 357,338 shares of the energy company's stock after selling 56,139 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Shell were worth $26,186,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Wilshire Securities Management Inc. raised its holdings 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 buying an additional 153 shares during the last quarter. Titleist Asset Management LLC raised its holdings in Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after buying an additional 164 shares during the last quarter. Denali Advisors LLC raised its holdings in Shell by 1.1% in the fourth quarter. Denali Advisors LLC now owns 17,001 shares of the energy company's stock worth $1,065,000 after buying an additional 182 shares during the last quarter. MGO One Seven LLC raised its holdings in Shell by 5.7% in the fourth quarter. MGO One Seven LLC now owns 3,468 shares of the energy company's stock worth $217,000 after buying an additional 187 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC raised its holdings in Shell by 3.5% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 5,900 shares of the energy company's stock worth $370,000 after buying an additional 200 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SHEL. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Cowen reduced their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $78.26.

Shell Price Performance

Shares of NYSE:SHEL opened at $72.34 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. Shell PLC Unsponsored ADR has a 1-year low of $58.55 and a 1-year high of $74.46. The company has a market capitalization of $215.08 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.89 and a beta of 0.39. The firm's 50 day simple moving average is $66.97 and its two-hundred day simple moving average is $66.31.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The firm had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. During the same quarter in the previous year, the firm earned $2.40 earnings per share. Research analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is presently 65.90%.

Shell announced that its board has initiated a share buyback plan on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Shell 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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