Westmount Partners LLC Sells 2,394 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Westmount Partners LLC trimmed its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 35.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,317 shares of the energy company’s stock after selling 2,394 shares during the period. Westmount Partners LLC’s holdings in Shell were worth $316,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kennebec Savings Bank acquired a new position in shares of Shell during the first quarter valued at about $25,000. Brown Lisle Cummings Inc. raised 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 worth $26,000 after purchasing an additional 181 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in Shell in the fourth quarter worth about $28,000. Transce3nd LLC acquired a new position in Shell in the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new position in Shell in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SHEL shares. Barclays reissued an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. TD Securities reissued a “buy” rating on shares of Shell in a research report on Friday, April 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen decreased their price objective on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $78.54.

Shell Price Performance

SHEL opened at $72.32 on Friday. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one 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 company’s 50 day simple moving average is $68.86 and its 200-day simple moving average is $67.20. The stock has a market capitalization of $215.03 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.40.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating 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 firm earned $2.40 earnings per share. Sell-side analysts anticipate 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 initiated a share repurchase plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 3.96%. Shell’s payout ratio is presently 65.90%.

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.