Shell plc (NYSE:SHEL) Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its holdings in Shell plc (NYSE:SHEL) by 21.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,707,857 shares of the energy company’s stock after selling 480,015 shares during the period. Shell accounts for 2.0% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 22nd biggest position. Mondrian Investment Partners LTD owned about 0.05% of Shell worth $125,049,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC purchased a new stake in Shell during the second quarter valued at about $26,000. Triad Wealth Partners LLC acquired a new stake in Shell during the 2nd quarter worth approximately $31,000. Beaird Harris Wealth Management LLC raised its holdings in Shell by 611.1% in the fourth 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 period. LRI Investments LLC purchased a new position in shares of Shell in the 1st quarter valued at $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Shell during the 2nd quarter valued at $49,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SHEL. Wells Fargo & Company cut their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Argus boosted their target price on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Scotiabank decreased their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $85.00.

Shell Stock Up 0.1 %

Shares of Shell stock opened at $68.15 on Wednesday. The stock has a market capitalization of $213.36 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.51 and a beta of 0.57. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The business’s 50 day simple moving average is $71.14 and its 200-day simple moving average is $70.59.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period last year, the business posted $1.50 earnings per share. Equities research analysts forecast that Shell plc will post 8.61 earnings per share for the current year.

Shell Dividend Announcement

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 paid a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.04%. Shell’s payout ratio is currently 50.74%.

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.