Pinnacle Bancorp Inc. Has $137,000 Holdings in Shell PLC Unsponsored ADR (NYSE:SHEL)

Pinnacle Bancorp Inc. raised its position in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,872 shares of the energy company’s stock after buying an additional 197 shares during the period. Pinnacle Bancorp Inc.’s holdings in Shell were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its position in 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 buying an additional 2,545 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Shell by 0.9% during the fourth 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 in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Shell by 11.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,931 shares of the energy company’s stock valued at $998,000 after purchasing an additional 1,617 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Shell in the 4th quarter worth approximately $629,000. Finally, IFP Advisors Inc lifted its holdings in Shell by 4.9% during the 4th quarter. IFP Advisors Inc now owns 15,167 shares of the energy company’s stock worth $950,000 after buying an additional 713 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Down 1.0%

Shell stock opened at $69.45 on Thursday. Shell PLC Unsponsored ADR has a fifty-two week low of $58.55 and a fifty-two week high of $74.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.08. The firm has a market capitalization of $206.49 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.83 and a beta of 0.39. The company’s 50 day simple moving average is $67.39 and its 200 day simple moving average is $66.43.

Shell (NYSE:SHEL) last issued 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. Shell had a return on equity of 11.71% and a net margin of 4.75%. The business had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. During the same quarter last year, the business posted $2.40 EPS. As a group, sell-side analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 EPS for the current year.

Shell declared that its board has authorized a stock buyback plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 16th were paid a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.12%. Shell’s payout ratio is 65.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHEL shares. Hsbc Global Res upgraded Shell to a “strong-buy” rating in a research report on Tuesday, May 13th. Piper Sandler boosted their price objective on Shell from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Sanford C. Bernstein lowered shares of Shell from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Barclays reissued an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company 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.