Cheviot Value Management LLC Acquires New Stake in Shell PLC Unsponsored ADR (NYSE:SHEL)

Cheviot Value Management LLC acquired a new stake in Shell PLC Unsponsored ADR (NYSE:SHEL) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 500 shares of the energy company’s stock, valued at approximately $37,000.

Other institutional investors have also added to or reduced their stakes in the company. Kennebec Savings Bank acquired a new stake in Shell in the 1st quarter valued at $25,000. Brown Lisle Cummings Inc. increased its stake in Shell by 103.4% in the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock valued at $26,000 after buying an additional 181 shares during the last quarter. Transce3nd LLC acquired a new stake in Shell in the 4th quarter valued at $34,000. Fourth Dimension Wealth LLC acquired a new stake in Shell in the 4th quarter valued at $43,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Shell in the 4th quarter valued at $44,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 0.3%

Shares of SHEL opened at $71.99 on Monday. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $74.18. The firm has a market cap of $212.81 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 2.09 and a beta of 0.44. The firm’s 50-day simple moving average is $70.45 and its 200 day simple moving average is $67.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32.

Shell (NYSE:SHEL) last announced its quarterly 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 net margin of 4.93% and a return on equity of 10.67%. The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. On average, analysts forecast that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current year.

Shell announced that its board has initiated a share buyback plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SHEL. Scotiabank restated an “outperform” rating on shares of Shell in a research note on Friday, July 11th. Piper Sandler boosted their price objective on shares of Shell from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Santander lowered shares of Shell to a “neutral” rating in a research note on Friday, July 11th. TD Cowen lowered their price objective on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein lowered shares of Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Three 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.