Shell PLC Unsponsored ADR (NYSE:SHEL) Holdings Decreased by JCIC Asset Management Inc.

JCIC Asset Management Inc. trimmed its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,256 shares of the energy company’s stock after selling 826 shares during the quarter. Shell makes up approximately 1.4% of JCIC Asset Management Inc.’s holdings, making the stock its 27th largest position. JCIC Asset Management Inc.’s holdings in Shell were worth $3,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SHEL. FMR LLC raised its position in Shell by 32.3% during 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 during the period. Voloridge Investment Management LLC boosted its stake in Shell by 170.3% during 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 purchasing an additional 2,182,253 shares during the period. Raymond James Financial Inc. bought a new stake in Shell during the 4th quarter valued at approximately $91,716,000. Freestone Grove Partners LP bought a new stake in Shell during the 4th quarter valued at approximately $83,204,000. Finally, Merewether Investment Management LP lifted its position in shares of Shell by 46.5% in the 4th quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company’s stock worth $141,777,000 after acquiring an additional 718,233 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on SHEL. Barclays restated an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Royal Bank Of Canada reissued an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities restated a “buy” rating on shares of Shell in a research report on Friday, April 4th. Scotiabank reduced their price target on Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, TD Cowen decreased their target price on Shell from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Two research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $78.26.

Shell Stock Performance

NYSE SHEL opened at $70.13 on Wednesday. The company has a market capitalization of $208.52 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.85 and a beta of 0.39. Shell PLC Unsponsored ADR has a twelve month low of $58.55 and a twelve month high of $74.46. The stock has a fifty day simple moving average of $67.29 and a 200 day simple moving average of $66.41. The company has a quick ratio of 1.08, a current ratio of 1.32 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last issued its earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.54 by $0.30. Shell had a return on equity of 11.71% and a net margin of 4.75%. The company had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. During the same period last year, the business posted $2.40 EPS. Sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell Announces Dividend

The firm 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 of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.08%. Shell’s dividend payout ratio (DPR) is presently 65.90%.

Shell announced that its Board of Directors has initiated 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 buy up to 1.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.