RDA Financial Network Increases Stock Position in Shell plc (NYSE:SHEL)

RDA Financial Network increased its position in Shell plc (NYSE:SHEL) by 14.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,437 shares of the energy company’s stock after purchasing an additional 562 shares during the quarter. RDA Financial Network’s holdings in Shell were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after purchasing an additional 408,088 shares during the period. Wellington Management Group LLP raised its holdings in shares of Shell by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock worth $500,123,000 after purchasing an additional 238,705 shares during the period. Franklin Resources Inc. raised its holdings in shares of Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock worth $377,352,000 after purchasing an additional 50,228 shares during the period. Finally, Voloridge Investment Management LLC raised its holdings in shares of Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock worth $216,980,000 after purchasing an additional 2,182,253 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 0.7%

NYSE SHEL opened at $68.03 on Monday. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The stock has a market cap of $203.33 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.98 and a beta of 0.39. The firm’s 50 day moving average price is $65.46 and its two-hundred day moving average price is $65.87.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The firm had revenue of $69.23 billion for the quarter, compared to analysts’ expectations of $79.18 billion. During the same period in the previous year, the company posted $2.40 EPS. Equities analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, May 16th. Shell’s dividend payout ratio (DPR) is 65.90%.

Shell announced that its board has initiated a share repurchase program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have weighed in on SHEL shares. Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on shares of Shell from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Scotiabank dropped their price objective on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, Piper Sandler increased their price objective on shares of Shell from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $78.26.

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.