Webster Bank N. A. Has $53,000 Stock Position in Shell plc (NYSE:SHEL)

Webster Bank N. A. decreased its position in Shell plc (NYSE:SHEL) by 52.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 739 shares of the energy company’s stock after selling 800 shares during the period. Webster Bank N. A.’s holdings in Shell were worth $53,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHEL. Valley National Advisers Inc. lifted its position in Shell by 217.7% in the 4th 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 lifted its holdings in shares of 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 during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Shell by 90.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock worth $33,000 after buying an additional 235 shares during the last quarter. LRI Investments LLC bought a new position in Shell during the first quarter valued at approximately $47,000. Finally, Fairman Group LLC bought a new stake in Shell in the fourth quarter worth approximately $45,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of NYSE:SHEL traded up $0.53 on Friday, hitting $71.88. 4,546,040 shares of the company were exchanged, compared to its average volume of 3,547,944. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company’s 50 day moving average price is $71.48 and its two-hundred day moving average price is $69.23. Shell plc has a one year low of $60.13 and a one year high of $74.61. The firm has a market capitalization of $227.29 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.59.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter last year, the firm earned $1.50 EPS. Research analysts expect that Shell plc will post 8.63 earnings per share for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be paid a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.83%. Shell’s payout ratio is currently 50.74%.

Analyst Ratings Changes

Several research firms recently issued reports on SHEL. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Scotiabank lowered their price target on 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 reduced their price objective on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.40.

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.