Shell PLC Unsponsored ADR (NYSE:SHEL) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lessened its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 10.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,650 shares of the energy company’s stock after selling 1,012 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Shell were worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SHEL. Kennebec Savings Bank purchased a new stake in shares of Shell in the first quarter valued at $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of 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 purchasing an additional 181 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of Shell in the fourth quarter valued at $28,000. Transce3nd LLC purchased a new stake in shares of Shell in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Shell in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on shares of Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday. Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a research note on Tuesday, May 13th. 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 note on Tuesday, April 8th. Scotiabank dropped their price target 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, Sanford C. Bernstein downgraded shares of Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $78.11.

Shell Trading Down 0.0%

Shell stock opened at $70.98 on Friday. 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 has a market capitalization of $211.03 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.85 and a beta of 0.39. Shell PLC Unsponsored ADR has a one year low of $58.55 and a one year high of $74.46. The company’s fifty day moving average price is $67.63 and its two-hundred day moving average price is $66.52.

Shell (NYSE:SHEL) last posted its earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, topping the consensus estimate 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 net margin of 4.75% and a return on equity of 11.71%. During the same period in the prior year, the business posted $2.40 earnings per share. On average, analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 16th were given a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Friday, May 16th. Shell’s dividend payout ratio is currently 65.90%.

Shell announced that its Board of Directors has initiated a stock buyback 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 typically an indication that the company’s board believes its stock is undervalued.

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.