New Republic Capital LLC Sells 705 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

New Republic Capital LLC cut its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 13.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,450 shares of the energy company’s stock after selling 705 shares during the period. New Republic Capital LLC’s holdings in Shell were worth $326,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SHEL. Kennebec Savings Bank purchased a new position in Shell in the first quarter valued at approximately $25,000. Brown Lisle Cummings Inc. lifted its stake in 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 during the last quarter. Transce3nd LLC purchased a new position in Shell in the fourth quarter valued at approximately $34,000. Summit Securities Group LLC lifted its stake in Shell by 50.0% in the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Shell in the fourth quarter valued at approximately $43,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 0.5%

Shares of NYSE:SHEL opened at $71.99 on Monday. The stock’s 50-day moving average price is $69.86 and its 200-day moving average price is $67.77. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.46. The stock has a market capitalization of $212.82 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.40. 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 (NYSE:SHEL) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion for the quarter, compared to analysts’ expectations of $79.18 billion. Shell had a return on equity of 11.71% and a net margin of 4.75%. During the same period last year, the firm earned $2.40 earnings per share. On average, equities analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors 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 annualized dividend and a dividend yield of 3.98%. Shell’s payout ratio is presently 65.90%.

Shell announced that its board has initiated a stock buyback program 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 programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Sanford C. Bernstein downgraded Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. TD Cowen lowered their price objective on Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Scotiabank reiterated an “outperform” rating on shares of Shell in a research report on Friday, July 11th. Finally, Hsbc Global Res raised Shell to a “strong-buy” rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Shell has an average rating of “Moderate Buy” and an average target price of $78.69.

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.