Janney Capital Management LLC Sells 6,048 Shares of Shell PLC Unsponsored ADR (NYSE:SHEL)

Janney Capital Management LLC cut its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 4.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 119,746 shares of the energy company’s stock after selling 6,048 shares during the period. Janney Capital Management LLC’s holdings in Shell were worth $8,775,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the period. Private Advisor Group LLC boosted its stake in shares of Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock worth $2,078,000 after purchasing an additional 301 shares during the period. Barclays PLC boosted its stake in shares of Shell by 136.2% during the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company’s stock worth $490,000 after purchasing an additional 4,512 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Shell by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock worth $12,521,000 after purchasing an additional 14,937 shares during the period. Finally, Choate Investment Advisors boosted its stake in shares of Shell by 119.0% during the 4th quarter. Choate Investment Advisors now owns 7,500 shares of the energy company’s stock worth $470,000 after purchasing an additional 4,076 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of SHEL opened at $71.99 on Thursday. The company has a 50 day moving average price of $66.51 and a 200-day moving average price of $66.20. Shell PLC Unsponsored ADR has a fifty-two week low of $58.55 and a fifty-two week high of $74.46. The stock has a market capitalization of $214.03 billion, a PE ratio of 16.59, a PEG ratio of 1.88 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.32.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.54 by $0.30. The firm had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 4.75% and a return on equity of 11.71%. During the same quarter in the previous year, the business posted $2.40 EPS. Equities analysts predict that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell declared that its board has approved a stock 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 generally an indication that the company’s leadership believes its stock is undervalued.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 3.98%. Shell’s dividend payout ratio (DPR) is presently 65.90%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SHEL shares. TD Cowen lowered their price objective on shares of Shell from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Barclays reissued an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank lowered their price objective on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Shell from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Two 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 company’s stock. According to data from MarketBeat, Shell currently has an average rating of “Buy” and a consensus price target of $78.26.

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.