Physician Wealth Advisors Inc. Sells 346 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Physician Wealth Advisors Inc. reduced its stake in Shell PLC Unsponsored ADR (NYSE:SHEL) by 28.3% during the 1st quarter, Holdings Channel reports. The fund owned 875 shares of the energy company’s stock after selling 346 shares during the period. Physician Wealth Advisors Inc.’s holdings in Shell were worth $64,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Kennebec Savings Bank acquired a new stake in Shell during the 1st quarter worth approximately $25,000. Brown Lisle Cummings Inc. lifted its holdings in shares of Shell by 103.4% during the first quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock worth $26,000 after buying an additional 181 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in shares of Shell in the fourth quarter valued at about $28,000. Transce3nd LLC bought a new position in Shell during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new stake in Shell in the 4th quarter worth about $36,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SHEL shares. Piper Sandler raised their target price on shares of Shell from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Sanford C. Bernstein cut 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. Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, Scotiabank decreased their target price on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $78.11.

Shell Price Performance

SHEL stock traded down $0.12 during trading on Wednesday, reaching $71.07. 349,316 shares of the company were exchanged, compared to its average volume of 4,874,202. Shell PLC Unsponsored ADR has a twelve month low of $58.54 and a twelve month high of $74.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. The company has a market capitalization of $211.32 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.80 and a beta of 0.40. The company has a 50-day moving average of $67.87 and a two-hundred day moving average of $66.63.

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

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.03%. Shell’s dividend payout ratio is presently 65.90%.

Shell declared that its Board of Directors has approved a share repurchase program on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.