POM Investment Strategies LLC Purchases Shares of 664 Shell PLC Unsponsored ADR (NYSE:SHEL)

POM Investment Strategies LLC purchased a new stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 664 shares of the energy company’s stock, valued at approximately $49,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in shares of Shell during the first quarter worth $25,000. Brown Lisle Cummings Inc. lifted its position in shares of Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock worth $26,000 after purchasing an additional 181 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Shell during the fourth quarter worth $28,000. Transce3nd LLC bought a new position in Shell during the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC bought a new position in Shell during the 4th quarter valued at $36,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Price Performance

Shares of Shell stock opened at $71.74 on Thursday. The firm has a fifty day simple moving average of $68.59 and a 200-day simple moving average of $67.01. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. Shell PLC Unsponsored ADR has a 1-year low of $58.55 and a 1-year high of $74.46. The stock has a market capitalization of $213.30 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 1.79 and a beta of 0.40.

Shell (NYSE:SHEL) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.30. The business had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same quarter in the previous year, the firm posted $2.40 earnings per share. On average, sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell announced that its Board of Directors has approved a stock buyback 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 buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were issued a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Friday, May 16th. Shell’s dividend payout ratio (DPR) is presently 65.90%.

Wall Street Analyst Weigh In

A number of research firms have commented on SHEL. Barclays reiterated an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities reiterated a “buy” rating on shares of Shell in a research note on Friday, April 4th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up from $80.00) on shares of Shell in a research note on Wednesday, July 2nd. Scotiabank reduced their price objective on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Finally, Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $78.54.

About Shell

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.