2,843 Shares in Shell PLC Unsponsored ADR (NYSE:SHEL) Acquired by Family Firm Inc.

Family Firm Inc. acquired a new position in Shell PLC Unsponsored ADR (NYSE:SHEL) in the first quarter, HoldingsChannel.com reports. The firm acquired 2,843 shares of the energy company’s stock, valued at approximately $208,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kennebec Savings Bank purchased a new stake in Shell during the 1st quarter valued at $25,000. Brown Lisle Cummings Inc. raised its stake in Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock valued at $26,000 after buying an additional 181 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in Shell during the 4th quarter valued at $28,000. Transce3nd LLC purchased a new stake in shares of Shell in the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Shell in the 4th quarter worth $36,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of analyst reports. Scotiabank cut their price target on Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Barclays reissued an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. TD Securities reissued a “buy” rating on shares of Shell in a report on Friday, April 4th. Wells Fargo & Company dropped their price objective on shares of Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Finally, Piper Sandler reissued an “overweight” rating and set a $83.00 price objective (up previously from $80.00) on shares of Shell in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $78.54.

Shell Stock Performance

Shell stock opened at $72.32 on Friday. The company’s 50-day moving average is $68.86 and its 200 day moving average is $67.16. 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 firm has a market capitalization of $215.03 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.40.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $79.18 billion. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, May 16th. Shell’s dividend payout ratio is presently 65.90%.

Shell declared that its Board of Directors has initiated a stock 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 purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is 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.