Creative Financial Designs Inc. ADV Reduces Stake in Shell PLC Unsponsored ADR (NYSE:SHEL)

Creative Financial Designs Inc. ADV trimmed its holdings in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 31.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374 shares of the energy company’s stock after selling 172 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Shell were worth $27,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. First Wilshire Securities Management Inc. boosted its holdings in Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company’s stock valued at $596,000 after purchasing an additional 153 shares during the last quarter. Titleist Asset Management LLC boosted its stake in shares of Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company’s stock worth $346,000 after buying an additional 164 shares during the last quarter. Warther Private Wealth LLC grew its holdings in Shell by 5.0% during the first quarter. Warther Private Wealth LLC now owns 3,433 shares of the energy company’s stock worth $252,000 after acquiring an additional 165 shares during the period. Harbour Capital Advisors LLC raised its position in Shell by 2.4% during the first quarter. Harbour Capital Advisors LLC now owns 7,235 shares of the energy company’s stock valued at $505,000 after acquiring an additional 170 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in Shell by 5.1% in the 1st quarter. Golden State Equity Partners now owns 3,562 shares of the energy company’s stock worth $261,000 after purchasing an additional 173 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of Shell stock opened at $70.36 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. The business has a 50 day simple moving average of $67.75 and a two-hundred day simple moving average of $66.60. The stock has a market capitalization of $209.20 billion, a P/E ratio of 16.21, a PEG ratio of 1.85 and a beta of 0.39. Shell PLC Unsponsored ADR has a 12 month low of $58.55 and a 12 month high of $74.46.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.30. The company had revenue of $69.23 billion for the quarter, compared to analyst estimates 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 firm posted $2.40 EPS. As a group, analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell announced that its board has approved a stock repurchase plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Friday, May 16th. Shell’s dividend payout ratio (DPR) is 65.90%.

Wall Street Analyst Weigh In

SHEL has been the subject of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Piper Sandler upped their price objective on shares of Shell from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Sanford C. Bernstein cut Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Hsbc Global Res upgraded Shell to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company cut their price objective on Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Shell presently has an average rating of “Buy” and an average price target of $78.11.

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.