Appleton Partners Inc. MA Takes $207,000 Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Appleton Partners Inc. MA purchased a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 2,825 shares of the energy company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after buying an additional 21,118,234 shares during the period. Fisher Asset Management LLC lifted its position in shares of Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after purchasing an additional 408,088 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Shell by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock worth $500,123,000 after purchasing an additional 238,705 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Shell by 0.8% in the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock worth $377,352,000 after purchasing an additional 50,228 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Shell by 170.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock worth $216,980,000 after purchasing an additional 2,182,253 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Barclays reissued an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company cut their price objective on shares of Shell from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. TD Cowen dropped their price target on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $78.26.

Shell Stock Up 0.5%

Shares of SHEL stock opened at $72.34 on Friday. The stock has a market cap of $215.08 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 1.89 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32. Shell PLC Unsponsored ADR has a 52-week low of $58.55 and a 52-week high of $74.46. The firm’s 50-day moving average is $66.97 and its 200-day moving average is $66.31.

Shell (NYSE:SHEL) last released its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.30. The firm had revenue of $69.23 billion for the quarter, compared to analysts’ expectations of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same period in the prior year, the firm earned $2.40 EPS. Sell-side analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be issued a $0.716 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 3.96%. Shell’s dividend payout ratio is currently 65.90%.

Shell declared that its board has authorized a stock buyback plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership 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.