Shell plc (NYSE:SHEL) Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its holdings in Shell plc (NYSE:SHEL) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,693 shares of the energy company’s stock after buying an additional 1,614 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Shell were worth $627,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD boosted its stake in shares of Shell by 83.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after buying an additional 993,342 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after buying an additional 885,069 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Shell by 130.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock valued at $92,132,000 after purchasing an additional 793,136 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after purchasing an additional 772,736 shares during the last quarter. Finally, Senator Investment Group LP acquired a new stake in shares of Shell in the 1st quarter valued at $42,775,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Argus lifted their target price on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Scotiabank dropped their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company dropped their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.40.

Shell Stock Performance

Shares of NYSE:SHEL traded down $1.26 on Friday, hitting $71.68. 4,216,225 shares of the company were exchanged, compared to its average volume of 3,190,311. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. The company’s 50 day moving average price is $71.58 and its two-hundred day moving average price is $68.90. Shell plc has a one year low of $59.58 and a one year high of $74.61. The firm has a market capitalization of $226.66 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.66 and a beta of 0.59.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.51%. The business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same period in the previous year, the business earned $1.50 EPS. Research analysts expect that Shell plc will post 8.53 earnings per share for the current year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be given a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.84%. Shell’s dividend payout ratio (DPR) 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.