Strategic Advisors LLC Lowers Stock Holdings in Shell plc (NYSE:SHEL)

Strategic Advisors LLC reduced its stake in Shell plc (NYSE:SHEL) by 15.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the energy company’s stock after selling 1,000 shares during the quarter. Strategic Advisors LLC’s holdings in Shell were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SHEL. VisionPoint Advisory Group LLC purchased a new stake in shares of Shell in the third quarter valued at approximately $26,000. Rise Advisors LLC boosted its position in Shell by 84.4% during 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 in the last quarter. Valley National Advisers Inc. boosted its position in Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares in the last quarter. Beaird Harris Wealth Management LLC boosted its position in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in Shell during the third quarter worth $32,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Shell Trading Up 0.5 %

Shell stock traded up $0.37 during trading on Friday, hitting $73.38. The company’s stock had a trading volume of 1,297,578 shares, compared to its average volume of 4,330,538. The stock has a market capitalization of $233.33 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.84 and a beta of 0.59. The stock’s fifty day moving average is $71.52 and its 200 day moving average is $67.78. Shell plc has a 1-year low of $58.14 and a 1-year high of $74.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42.

Shell (NYSE:SHEL) last released its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.83% and a net margin of 5.83%. As a group, equities research analysts predict that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s dividend payout ratio (DPR) is 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.