American Century Companies Inc. Purchases 54,471 Shares of Shell PLC Unsponsored ADR $SHEL

American Century Companies Inc. increased its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 6.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 951,625 shares of the energy company’s stock after acquiring an additional 54,471 shares during the period. American Century Companies Inc.’s holdings in Shell were worth $69,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kennebec Savings Bank bought a new stake in shares of Shell in the 1st quarter valued at about $25,000. Avalon Trust Co bought a new stake in shares of Shell in the 1st quarter valued at about $25,000. Brown Lisle Cummings Inc. grew its position in shares of Shell by 103.4% in 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. Transce3nd LLC bought a new stake in shares of Shell in the 4th quarter valued at about $34,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Shell in the 1st quarter valued at about $37,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHEL. Piper Sandler reissued an “overweight” rating and issued a $82.00 price objective (down from $84.00) on shares of Shell in a research note on Monday. HSBC reissued a “hold” rating and issued a $78.30 price objective (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Wells Fargo & Company dropped their price objective on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, June 26th. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a research note on Friday, July 11th. Finally, Hsbc Global Res downgraded Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $78.39.

Shell Stock Performance

Shares of SHEL opened at $71.52 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The stock has a 50 day moving average price of $71.53 and a two-hundred day moving average price of $68.46. The firm has a market capitalization of $210.14 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.91 and a beta of 0.44. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.18.

Shell (NYSE:SHEL) last released its earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.29. The company had revenue of $66.44 billion during the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. Equities analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell declared that its Board of Directors has authorized a stock repurchase plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits 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 management believes its shares are undervalued.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th. Shell’s dividend payout ratio is 64.41%.

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.