Clear Creek Financial Management LLC Raises Stock Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Clear Creek Financial Management LLC boosted its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 23.3% in the 1st quarter, Holdings Channel reports. The firm owned 5,229 shares of the energy company’s stock after buying an additional 987 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Shell were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its stake 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 in the last quarter. Wellington Management Group LLP grew its position in Shell by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock valued at $500,123,000 after acquiring an additional 238,705 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock valued at $377,352,000 after purchasing an additional 50,228 shares during the period. Voloridge Investment Management LLC boosted its stake 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 valued at $216,980,000 after purchasing an additional 2,182,253 shares during the period. Finally, Northern Trust Corp grew its holdings in Shell by 20.1% during the 4th quarter. Northern Trust Corp now owns 3,101,330 shares of the energy company’s stock valued at $194,298,000 after purchasing an additional 519,105 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 research firms have weighed in on SHEL. Wells Fargo & Company decreased their price objective on shares of Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. TD Cowen cut their price target on Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Barclays reaffirmed an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Securities restated a “buy” rating on shares of Shell in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus target price of $78.54.

Shell Price Performance

Shares of NYSE SHEL opened at $72.21 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.08 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $214.70 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.80 and a beta of 0.40. Shell PLC Unsponsored ADR has a twelve month low of $58.55 and a twelve month high of $74.46. The business has a 50 day simple moving average of $68.02 and a 200-day simple moving average of $66.67.

Shell (NYSE:SHEL) last released its 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. Shell had a net margin of 4.75% and a return on equity of 11.71%. The firm had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. During the same quarter in the previous year, the firm earned $2.40 earnings per share. As a group, equities research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The business also recently announced 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 3.97%. Shell’s payout ratio is currently 65.90%.

Shell announced that its Board of Directors has authorized a share repurchase program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in outstanding shares. This buyback authorization authorizes the energy company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are 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.