10,936 Shares in Shell plc (NYSE:SHEL) Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC acquired a new position in Shell plc (NYSE:SHEL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,936 shares of the energy company’s stock, valued at approximately $733,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new position in Shell during the third quarter valued at $26,000. Rise Advisors LLC increased its holdings in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares in the last quarter. Beaird Harris Wealth Management LLC grew its holdings in Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in shares of Shell during the 3rd quarter worth approximately $32,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHEL shares. Wells Fargo & Company decreased their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. TD Securities boosted their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Argus lifted their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.25.

Shell Trading Up 1.0 %

Shares of NYSE SHEL traded up $0.74 during midday trading on Friday, hitting $72.18. The company’s stock had a trading volume of 5,230,189 shares, compared to its average volume of 3,385,995. The business’s 50 day moving average is $71.51 and its two-hundred day moving average is $67.57. Shell plc has a 12-month low of $58.14 and a 12-month high of $74.61. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The firm has a market cap of $229.51 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 1.82 and a beta of 0.60.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The firm had revenue of $74.70 billion during the quarter, compared to analyst estimates of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. As a group, equities research analysts expect that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were issued a $0.688 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.81%. Shell’s payout ratio is presently 50.74%.

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.