Banco Santander S.A. Cuts Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Banco Santander S.A. lowered its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,608 shares of the energy company’s stock after selling 1,530 shares during the quarter. Banco Santander S.A.’s holdings in Shell were worth $5,907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Kennebec Savings Bank bought a new stake in Shell in the first quarter worth about $25,000. Brown Lisle Cummings Inc. lifted its stake in 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 last quarter. Transce3nd LLC bought a new position in Shell during the fourth quarter valued at $34,000. BankPlus Trust Department increased its position in Shell by 193.4% in the first quarter. BankPlus Trust Department now owns 663 shares of the energy company’s stock worth $49,000 after buying an additional 437 shares during the last quarter. Finally, POM Investment Strategies LLC purchased a new position in shares of Shell during the 1st quarter valued at $49,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SHEL. Hsbc Global Res raised Shell to a “strong-buy” rating in a report on Tuesday, May 13th. Piper Sandler boosted their price target on shares of Shell from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Wells Fargo & Company cut their price target on Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Sanford C. Bernstein downgraded shares of Shell from an “outperform” rating to a “market perform” rating in a report on Monday, June 16th. Finally, TD Cowen decreased their target price on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell has a consensus rating of “Moderate Buy” and an average price target of $78.69.

Shell Price Performance

SHEL stock opened at $71.99 on Friday. The firm has a 50 day simple moving average of $70.45 and a two-hundred day simple moving average of $67.98. 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 stock has a market cap of $212.81 billion, a PE ratio of 16.21, a P/E/G ratio of 2.09 and a beta of 0.44. Shell PLC Unsponsored ADR has a one year low of $58.54 and a one year high of $74.18.

Shell (NYSE:SHEL) last released its earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.29. Shell had a return on equity of 10.66% and a net margin of 4.93%. The business had revenue of $66.44 billion for the quarter, compared to analysts’ expectations of $69.31 billion. On average, analysts predict that Shell PLC Unsponsored ADR will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 16th were given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, May 16th. Shell’s dividend payout ratio (DPR) is presently 65.90%.

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