Drum Hill Capital LLC Has $4.34 Million Stake in Shell PLC Unsponsored ADR (NYSE:SHEL)

Drum Hill Capital LLC lowered its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 0.4% in the first quarter, HoldingsChannel reports. The firm owned 59,273 shares of the energy company’s stock after selling 213 shares during the quarter. Shell makes up approximately 5.0% of Drum Hill Capital LLC’s holdings, making the stock its 6th largest holding. Drum Hill Capital LLC’s holdings in Shell were worth $4,344,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Shell by 32.3% during the fourth 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 increased its position in Shell by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock valued at $500,123,000 after acquiring an additional 238,705 shares during the period. Franklin Resources Inc. boosted its position in Shell by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock worth $377,352,000 after acquiring an additional 50,228 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Shell by 170.3% in the fourth 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 in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Shell by 20.1% during the fourth quarter. Northern Trust Corp now owns 3,101,330 shares of the energy company’s stock valued at $194,298,000 after purchasing an additional 519,105 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

SHEL opened at $72.21 on Thursday. The business has a fifty day simple moving average of $68.02 and a 200-day simple moving average of $66.67. The firm has a market cap of $214.70 billion, a PE ratio of 16.64, a P/E/G ratio of 1.80 and a beta of 0.40. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a fifty-two week low of $58.55 and a fifty-two week high of $74.46.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion for the quarter, compared to analysts’ expectations of $79.18 billion. Shell had a return on equity of 11.71% and a net margin of 4.75%. During the same quarter last year, the business posted $2.40 EPS. As a group, equities analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

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

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were issued a dividend of $0.716 per share. The ex-dividend date was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.97%. Shell’s dividend payout ratio is currently 65.90%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SHEL shares. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $80.00) on shares of Shell in a research report on Wednesday. Sanford C. Bernstein lowered shares of Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Scotiabank cut their target price on Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $78.54.

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.