Y Intercept Hong Kong Ltd Buys 75,781 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Y Intercept Hong Kong Ltd increased its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 755.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,815 shares of the energy company's stock after acquiring an additional 75,781 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Shell were worth $6,289,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SHEL. Kennebec Savings Bank acquired a new stake in Shell during the first quarter valued at approximately $25,000. Brown Lisle Cummings Inc. grew its holdings in Shell by 103.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company's stock worth $26,000 after buying an additional 181 shares in the last quarter. CoreFirst Bank & Trust bought a new position in Shell during the 4th quarter valued at $28,000. Transce3nd LLC bought a new position in Shell during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in Shell during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Up 2.3%

NYSE:SHEL traded up $1.60 on Wednesday, hitting $72.75. 4,757,111 shares of the company's stock were exchanged, compared to its average volume of 4,516,907. 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 firm has a 50-day moving average price of $69.47 and a 200-day moving average price of $67.57. The company has a market cap of $215.06 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 2.04 and a beta of 0.40. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week 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 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 4.75% and a return on equity of 11.71%. The business 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 business earned $2.40 EPS. As a group, analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were given a dividend of $0.716 per share. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 3.94%. Shell's dividend payout ratio is 65.90%.

Shell announced that its board has initiated a stock 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 often a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SHEL shares. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Piper Sandler lifted their target price on Shell from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Scotiabank reiterated an "outperform" rating on shares of Shell in a research note on Friday, July 11th. Sanford C. Bernstein cut shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, Santander cut shares of Shell to a "neutral" rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $78.69.

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.