Marble Harbor Investment Counsel LLC Sells 1,375 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Marble Harbor Investment Counsel LLC cut its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,475 shares of the energy company’s stock after selling 1,375 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Shell were worth $3,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHEL. Brighton Jones LLC lifted its stake in Shell by 51.7% during the 4th 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 in the last quarter. Barclays PLC grew its stake in Shell by 136.2% in the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company’s stock valued at $490,000 after buying an additional 4,512 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Shell by 4.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,323 shares of the energy company’s stock worth $1,401,000 after purchasing an additional 815 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Shell by 100.9% in the first quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company’s stock worth $845,000 after buying an additional 5,794 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in Shell by 30.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 21,327 shares of the energy company’s stock valued at $1,563,000 after purchasing an additional 5,002 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.3%

Shares of NYSE SHEL opened at $71.99 on Friday. The company 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 52-week low of $58.54 and a 52-week high of $74.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32. The firm’s 50 day moving average price is $70.45 and its 200-day moving average price is $67.98.

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

Shell declared that its Board of Directors has authorized a stock repurchase program on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders 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 dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, May 16th. Shell’s payout ratio is presently 65.90%.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on shares of Shell from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Scotiabank reiterated an “outperform” rating on shares of Shell in a research report on Friday, July 11th. Santander cut Shell to a “neutral” rating in a research note on Friday, July 11th. Wells Fargo & Company decreased their price objective on shares of Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Finally, Hsbc Global Res upgraded Shell to a “strong-buy” rating in a research note on Tuesday, May 13th. Three equities 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, Shell has a consensus rating of “Moderate Buy” and a consensus price target of $78.69.

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.