Bulltick Wealth Management LLC Sells 40,975 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Bulltick Wealth Management LLC lessened its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 86.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,433 shares of the energy company’s stock after selling 40,975 shares during the period. Bulltick Wealth Management LLC’s holdings in Shell were worth $471,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SHEL. Goldman Sachs Group Inc. raised its holdings in shares of Shell by 21.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company’s stock valued at $481,582,000 after purchasing an additional 1,150,198 shares during the period. Pzena Investment Management LLC raised its stake in Shell by 0.4% in the first quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company’s stock valued at $263,238,000 after buying an additional 15,043 shares during the period. Voloridge Investment Management LLC boosted its stake in shares of Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock worth $216,980,000 after acquiring an additional 2,182,253 shares during the period. Northern Trust Corp increased its holdings in shares of Shell by 20.1% during the 4th quarter. Northern Trust Corp now owns 3,101,330 shares of the energy company’s stock worth $194,298,000 after acquiring an additional 519,105 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Shell in the 1st quarter valued at $180,366,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on SHEL shares. Hsbc Global Res cut shares of Shell from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 4th. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a report on Friday, July 11th. HSBC reissued a “hold” rating and issued a $78.30 price target (down from $78.90) on shares of Shell in a report on Monday, August 4th. Piper Sandler boosted their price objective on Shell from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Finally, Santander lowered Shell to a “neutral” rating in a research note on Friday, July 11th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.64.

Shell Trading Down 0.3%

Shares of NYSE:SHEL opened at $71.41 on Tuesday. The company has a market capitalization of $211.09 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.91 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The business’s 50 day simple moving average is $71.09 and its 200 day simple moving average is $68.22. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year 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, topping the consensus estimate of $1.13 by $0.29. The company had revenue of $66.44 billion for 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%. On average, research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell declared that its Board of Directors has initiated a share repurchase 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 repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, August 15th. This represents a $2.86 annualized dividend and a dividend yield of 4.0%. Shell’s dividend payout ratio (DPR) is currently 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.