James Investment Research Inc. Boosts Position in Shell plc (NYSE:SHEL)

James Investment Research Inc. grew its holdings in shares of Shell plc (NYSE:SHEL) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,614 shares of the energy company’s stock after acquiring an additional 682 shares during the quarter. James Investment Research Inc.’s holdings in Shell were worth $832,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in Shell by 9.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,706 shares of the energy company’s stock worth $574,000 after buying an additional 756 shares during the last quarter. Capital Advisors Inc. OK lifted its position in Shell by 34.0% in the third quarter. Capital Advisors Inc. OK now owns 7,268 shares of the energy company’s stock valued at $479,000 after purchasing an additional 1,846 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its holdings in shares of Shell by 1.3% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 23,081 shares of the energy company’s stock worth $1,522,000 after purchasing an additional 298 shares during the last quarter. Americana Partners LLC grew its stake in shares of Shell by 2.5% in the third quarter. Americana Partners LLC now owns 49,756 shares of the energy company’s stock worth $3,281,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Caas Capital Management LP increased its holdings in Shell by 7.4% during the 3rd quarter. Caas Capital Management LP now owns 29,000 shares of the energy company’s stock valued at $1,913,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SHEL. Wolfe Research began coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $82.00.

Shell Stock Performance

SHEL stock opened at $67.49 on Friday. The company has a market cap of $210.04 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The stock’s fifty day moving average price is $68.08 and its 200-day moving average price is $70.52.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.57% and a net margin of 5.17%. During the same period last year, the business posted $1.50 EPS. On average, equities analysts forecast that Shell plc will post 8.45 earnings per share for the current year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. Shell’s dividend payout ratio (DPR) is currently 56.58%.

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.