Ledyard National Bank Sells 1,119 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Ledyard National Bank decreased its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,577 shares of the energy company’s stock after selling 1,119 shares during the quarter. Ledyard National Bank’s holdings in Shell were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares during the last quarter. Private Advisor Group LLC grew its stake in Shell by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after purchasing an additional 301 shares in the last quarter. Wealthspire Advisors LLC raised its stake in shares of Shell by 11.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,931 shares of the energy company’s stock worth $998,000 after purchasing an additional 1,617 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Shell in the 4th quarter valued at approximately $549,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Shell during the fourth quarter worth $629,000. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays reissued an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Hsbc Global Res upgraded Shell to a “strong-buy” rating in a report on Tuesday, May 13th. Piper Sandler upped their price objective on Shell from $72.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. TD Securities reissued a “buy” rating on shares of Shell in a report on Friday, April 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $78.26.

Shell Trading Down 1.0%

SHEL stock opened at $70.13 on Wednesday. Shell PLC Unsponsored ADR has a 52 week low of $58.55 and a 52 week high of $74.46. The company has a market capitalization of $208.52 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.85 and a beta of 0.39. The company’s 50-day simple moving average is $67.29 and its 200 day simple moving average is $66.41. 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 (NYSE:SHEL) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $79.18 billion. During the same quarter in the prior year, the business posted $2.40 EPS. As a group, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were issued a $0.716 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.08%. Shell’s dividend payout ratio is presently 65.90%.

Shell declared that its board has approved a share buyback plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase 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.