2,825 Shares in Shell PLC Unsponsored ADR (NYSE:SHEL) Acquired by TCV Trust & Wealth Management Inc.

TCV Trust & Wealth Management Inc. acquired a new position in Shell PLC Unsponsored ADR (NYSE:SHEL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,825 shares of the energy company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. U S Global Investors Inc. bought a new position in Shell in the 1st quarter worth approximately $366,000. Transcend Capital Advisors LLC boosted its holdings in Shell by 7.6% in the 1st quarter. Transcend Capital Advisors LLC now owns 8,410 shares of the energy company’s stock valued at $616,000 after purchasing an additional 594 shares during the period. Diversified Trust Co boosted its holdings in Shell by 2.2% in the 1st quarter. Diversified Trust Co now owns 10,839 shares of the energy company’s stock valued at $794,000 after purchasing an additional 231 shares during the period. Perpetual Ltd boosted its holdings in Shell by 2.3% in the 1st quarter. Perpetual Ltd now owns 15,639 shares of the energy company’s stock valued at $1,146,000 after purchasing an additional 345 shares during the period. Finally, PDS Planning Inc boosted its holdings in Shell by 20.2% in the 1st quarter. PDS Planning Inc now owns 10,208 shares of the energy company’s stock valued at $748,000 after purchasing an additional 1,719 shares during the period. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHEL. TD Cowen cut their price target on shares of Shell from $82.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Piper Sandler lifted their target price on shares of Shell from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank dropped 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, Barclays reissued an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $78.11.

Shell Trading Down 0.0%

Shares of NYSE SHEL opened at $70.98 on Friday. The firm’s 50 day moving average price is $67.63 and its 200-day moving average price is $66.52. The company has a market cap of $211.03 billion, a PE ratio of 16.35, a P/E/G ratio of 1.85 and a beta of 0.39. Shell PLC Unsponsored ADR has a 52-week low of $58.55 and a 52-week high of $74.46. 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 (NYSE:SHEL) last issued its quarterly earnings data 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 company had revenue of $69.23 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $2.40 earnings per share. On average, equities research analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were given a dividend of $0.716 per share. 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 4.04%. Shell’s dividend payout ratio (DPR) is 65.90%.

Shell declared that its Board of Directors has authorized a share buyback plan on Friday, May 2nd that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the energy company to buy up to 1.8% of its stock through open market purchases. Stock buyback plans are usually 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.