3,161 Shares in Shell plc (NYSE:SHEL) Bought by Breakwater Capital Group

Breakwater Capital Group bought a new position in Shell plc (NYSE:SHEL) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 3,161 shares of the energy company’s stock, valued at approximately $212,000.

A number of other institutional investors also recently bought and sold shares of SHEL. VisionPoint Advisory Group LLC purchased a new position in shares of Shell during the third quarter valued at about $26,000. Rise Advisors LLC grew its position in shares of Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares in the last quarter. Valley National Advisers Inc. lifted its stake in Shell by 217.7% in 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 during the last quarter. Beaird Harris Wealth Management LLC lifted its stake in Shell by 611.1% in 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 during the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in Shell in the third quarter worth $32,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

NYSE SHEL traded up $0.74 on Friday, reaching $72.18. 5,230,189 shares of the company’s stock traded hands, compared to its average volume of 3,385,995. The firm has a market cap of $229.51 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.82 and a beta of 0.60. The stock has a 50 day moving average price of $71.51 and a 200-day moving average price of $67.59. Shell plc has a fifty-two week low of $58.14 and a fifty-two week 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 posted its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The company had revenue of $74.70 billion during the quarter, compared to the consensus estimate of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. Equities research analysts predict that Shell plc will post 8.55 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 17th were given a $0.688 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio is 50.74%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Securities lifted their price target on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company dropped their price objective 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, Argus boosted their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.25.

About Shell

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.