Charles Schwab Investment Management Inc. Has $18.50 Million Holdings in Shell PLC Unsponsored ADR $SHEL

Charles Schwab Investment Management Inc. increased its position in Shell PLC Unsponsored ADR (NYSE:SHEL) by 26.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 252,397 shares of the energy company’s stock after buying an additional 52,541 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Shell were worth $18,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Greykasell Wealth Strategies Inc. acquired a new position in Shell during the first quarter worth $38,000. Schnieders Capital Management LLC increased its holdings in shares of Shell by 4.3% during the 1st quarter. Schnieders Capital Management LLC now owns 12,160 shares of the energy company’s stock valued at $891,000 after acquiring an additional 500 shares during the last quarter. Exencial Wealth Advisors LLC boosted its position in Shell by 2.5% during the first quarter. Exencial Wealth Advisors LLC now owns 60,168 shares of the energy company’s stock worth $4,409,000 after purchasing an additional 1,442 shares during the period. Goldman Sachs Group Inc. grew its holdings in Shell by 21.2% during the first quarter. Goldman Sachs Group Inc. now owns 6,571,809 shares of the energy company’s stock valued at $481,582,000 after purchasing an additional 1,150,198 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its position in shares of Shell by 4.9% in the first quarter. Wealthspire Advisors LLC now owns 16,718 shares of the energy company’s stock valued at $1,225,000 after purchasing an additional 787 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

NYSE:SHEL opened at $73.3170 on Friday. The company has a market capitalization of $215.42 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.92 and a beta of 0.44. The company has a 50-day moving average of $71.62 and a 200-day moving average of $68.60. 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 1.07 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 the consensus estimate of $1.13 by $0.29. Shell had a return on equity of 10.67% and a net margin of 4.93%.The business had revenue of $66.44 billion for the quarter, compared to analyst estimates of $69.31 billion. As a group, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

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

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Shareholders of record on Friday, August 15th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.9%. Shell’s payout ratio is currently 64.41%.

Analysts Set New Price Targets

A number of research firms have weighed in on SHEL. Wells Fargo & Company cut their target price on shares of Shell from $80.00 to $79.00 and set an “overweight” rating for the company in a research report on Thursday, June 26th. Melius began coverage on Shell in a research note on Wednesday. They set a “hold” rating and a $70.00 target price for the company. Melius Research started coverage on Shell in a research report on Wednesday. They issued a “hold” rating and a $70.00 price target on the stock. Sanford C. Bernstein cut Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Shell in a research report on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Shell currently has a consensus rating of “Moderate Buy” and an average target price of $76.71.

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.