Shell PLC Unsponsored ADR $SHEL Shares Acquired by Bank OZK

Bank OZK grew its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 25.8% during the first quarter, Holdings Channel reports. The firm owned 21,736 shares of the energy company’s stock after acquiring an additional 4,455 shares during the period. Bank OZK’s holdings in Shell were worth $1,593,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of SHEL. Kennebec Savings Bank acquired a new position in shares of Shell in the first quarter valued at about $25,000. Avalon Trust Co acquired a new position in shares of Shell in the first quarter valued at about $25,000. Brown Lisle Cummings Inc. increased 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 during the period. Transce3nd LLC acquired a new stake in Shell during the fourth quarter worth about $34,000. Finally, Cheviot Value Management LLC acquired a new stake in Shell during the first quarter worth about $37,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Sanford C. Bernstein lowered Shell from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. Santander lowered Shell to a “neutral” rating in a report on Friday, July 11th. Piper Sandler reaffirmed an “overweight” rating and set a $82.00 target price (down from $84.00) on shares of Shell in a report on Monday. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a report on Friday, July 11th. Finally, Hsbc Global Res lowered Shell from a “strong-buy” rating to a “hold” rating in a report on Monday, August 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.39.

Shell Stock Performance

Shares of NYSE:SHEL opened at $71.52 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.07. The business’s 50 day moving average price is $71.53 and its 200-day moving average price is $68.46. The firm has a market capitalization of $210.14 billion, a PE ratio of 16.11, a P/E/G ratio of 1.91 and a beta of 0.44. Shell PLC Unsponsored ADR has a 1 year low of $58.54 and a 1 year high of $74.18.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.29. The firm had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. As a group, equities research analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell announced that its Board of Directors has initiated a share buyback program on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits 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 stock is undervalued.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, August 15th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. Shell’s payout ratio is currently 64.41%.

Shell 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.