Hollencrest Capital Management Has $651,000 Position in Shell PLC Unsponsored ADR (NYSE:SHEL)

Hollencrest Capital Management raised its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 426.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,877 shares of the energy company’s stock after buying an additional 7,192 shares during the quarter. Hollencrest Capital Management’s holdings in Shell were worth $651,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its stake in Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares in the last quarter. Wellington Management Group LLP lifted its stake in Shell by 3.1% in the 4th 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. lifted its stake in Shell by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock valued at $377,352,000 after acquiring an additional 50,228 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Shell by 0.4% in the 1st quarter. Pzena Investment Management LLC now owns 3,592,218 shares of the energy company’s stock valued at $263,238,000 after acquiring an additional 15,043 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock valued at $216,980,000 after acquiring an additional 2,182,253 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Piper Sandler upped their price objective on Shell from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Securities reissued a “buy” rating on shares of Shell in a report on Friday, April 4th. Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Finally, Wells Fargo & Company decreased their target price on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday, June 26th. Three 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 stock. According to MarketBeat.com, Shell currently has a consensus rating of “Moderate Buy” and an average price target of $78.69.

Shell Trading Up 0.8%

Shares of SHEL stock opened at $70.90 on Friday. The company has a market cap of $210.81 billion, a P/E ratio of 16.36, a PEG ratio of 1.99 and a beta of 0.40. The stock has a 50 day simple moving average of $69.30 and a two-hundred day simple moving average of $67.41. 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 fifty-two week low of $58.55 and a fifty-two week high of $74.46.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.30. Shell had a return on equity of 11.71% and a net margin of 4.75%. The firm had revenue of $69.23 billion during the quarter, compared to analysts’ expectations of $79.18 billion. During the same quarter last year, the firm posted $2.40 earnings per share. Research analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The company also recently disclosed 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 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 presently 65.90%.

Shell declared that its Board of Directors has initiated a stock 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 reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership 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.