Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. lowered its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 37.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 9,413 shares of the energy company’s stock after selling 5,671 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Shell were worth $690,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SHEL. Kennebec Savings Bank purchased a new stake in shares of Shell during the 1st quarter worth approximately $25,000. Brown Lisle Cummings Inc. lifted its position in Shell by 103.4% in the first 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 last quarter. CoreFirst Bank & Trust acquired a new position in Shell in the fourth quarter valued at $28,000. Transce3nd LLC acquired a new stake in shares of Shell during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Shell in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SHEL. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen cut their target price on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. TD Securities reiterated a “buy” rating on shares of Shell in a research note on Friday, April 4th. Barclays restated an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Hsbc Global Res upgraded shares of Shell to a “strong-buy” rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $78.54.

Shell Price Performance

Shares of NYSE:SHEL opened at $72.32 on Monday. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week high of $74.46. The company has a 50-day moving average price of $68.86 and a 200 day moving average price of $67.24. The company has a market cap of $215.03 billion, a P/E ratio of 16.66, a PEG ratio of 1.98 and a beta of 0.40. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.

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 analysts’ consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. Shell had a return on equity of 11.71% and a net margin of 4.75%. During the same period in the previous year, the business earned $2.40 earnings per share. Research analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a $0.716 dividend. 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 (DPR) is 65.90%.

Shell announced that its board has initiated a share buyback plan on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.