Y Intercept Hong Kong Ltd Raises Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Y Intercept Hong Kong Ltd boosted its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL - Free Report) by 755.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,815 shares of the energy company's stock after purchasing an additional 75,781 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Shell were worth $6,289,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after buying an additional 21,118,234 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Shell by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after purchasing an additional 238,705 shares during the period. Franklin Resources Inc. lifted its stake in Shell by 0.8% in the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock valued at $377,352,000 after buying an additional 50,228 shares in the last quarter. Pzena Investment Management LLC lifted its position in Shell by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company's stock valued at $263,238,000 after acquiring an additional 15,043 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after purchasing an additional 2,182,253 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Down 0.4%

Shares of NYSE SHEL traded down $0.32 during mid-day trading on Thursday, reaching $72.44. 3,879,958 shares of the company's stock traded hands, compared to its average volume of 4,811,703. Shell PLC Unsponsored ADR has a 1-year low of $58.54 and a 1-year high of $74.46. 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 business has a 50-day simple moving average of $69.65 and a 200 day simple moving average of $67.63. The stock has a market cap of $214.14 billion, a P/E ratio of 16.69, a PEG ratio of 2.06 and a beta of 0.40.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.54 by $0.30. The firm had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same quarter last year, the business posted $2.40 EPS. On average, analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell announced that its Board of Directors has initiated a stock buyback plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.716 per share. 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 3.95%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Wall Street Analyst Weigh In

SHEL has been the subject of several recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of Shell in a research report on Friday, July 11th. Hsbc Global Res raised Shell to a "strong-buy" rating in a report on Tuesday, May 13th. TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Sanford C. Bernstein lowered shares of Shell from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Finally, Piper Sandler boosted their target price on shares of Shell from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.