Sequoia Financial Advisors LLC Buys 1,814 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Sequoia Financial Advisors LLC lifted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,580 shares of the energy company’s stock after acquiring an additional 1,814 shares during the period. Sequoia Financial Advisors LLC’s holdings in Shell were worth $3,633,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SHEL. First Wilshire Securities Management Inc. raised its position in shares of Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company’s stock valued at $596,000 after purchasing an additional 153 shares during the last quarter. Titleist Asset Management LLC boosted its stake in Shell by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company’s stock worth $346,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC boosted its stake in Shell by 5.0% in the 1st quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company’s stock worth $252,000 after purchasing an additional 165 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Shell by 2.4% in the 1st quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company’s stock worth $505,000 after purchasing an additional 170 shares in the last quarter. Finally, Golden State Equity Partners boosted its stake in Shell by 5.1% in the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company’s stock worth $261,000 after purchasing an additional 173 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank dropped their price target on Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Sanford C. Bernstein downgraded Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Wells Fargo & Company dropped their price target on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays reiterated an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Hsbc Global Res upgraded 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $78.11.

Shell Stock Performance

Shares of SHEL stock opened at $70.98 on Friday. The company has a market capitalization of $211.03 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.85 and a beta of 0.39. The business’s 50 day moving average is $67.63 and its two-hundred day moving average is $66.52. 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 12-month low of $58.55 and a 12-month high of $74.46.

Shell (NYSE:SHEL) last issued its quarterly 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 company 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 quarter in the prior year, the business posted $2.40 earnings per share. Analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell declared that its Board of Directors has initiated a share repurchase program on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.716 per share. The ex-dividend date 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 is currently 65.90%.

Shell Company Profile

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.