Golden State Equity Partners Acquires 173 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Golden State Equity Partners lifted its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 5.1% in the 1st quarter, HoldingsChannel reports. The fund owned 3,562 shares of the energy company’s stock after purchasing an additional 173 shares during the period. Golden State Equity Partners’ holdings in Shell were worth $261,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kennebec Savings Bank bought a new stake in Shell in the 1st quarter worth about $25,000. Brown Lisle Cummings Inc. grew its position in shares of 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 acquiring an additional 181 shares during the period. CoreFirst Bank & Trust bought a new position in shares of Shell during the 4th quarter valued at approximately $28,000. Transce3nd LLC bought a new position in shares of Shell during the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of Shell during the 4th quarter valued at approximately $36,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SHEL shares. Scotiabank reduced their target price on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their target price on shares of Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays reissued an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Royal Bank Of Canada restated an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Piper Sandler upped their price target on shares of Shell from $72.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $78.11.

Shell Stock Performance

NYSE SHEL opened at $71.00 on Friday. Shell PLC Unsponsored ADR has a 1 year low of $58.55 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 stock has a market capitalization of $211.09 billion, a PE ratio of 16.36, a P/E/G ratio of 1.81 and a beta of 0.39. The company’s 50 day simple moving average is $67.51 and its two-hundred day simple moving average is $66.47.

Shell (NYSE:SHEL) last posted its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (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 business had revenue of $69.23 billion for the quarter, compared to analysts’ expectations of $79.18 billion. During the same period in the prior year, the company posted $2.40 EPS. Analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.03%. The ex-dividend date was Friday, May 16th. Shell’s dividend payout ratio is presently 65.90%.

Shell declared that its Board of Directors has approved a share buyback program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors 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.