O Shaughnessy Asset Management LLC Increases Stake in Shell plc (NYSE:SHEL)

O Shaughnessy Asset Management LLC boosted its stake in shares of Shell plc (NYSE:SHEL) by 22.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,852 shares of the energy company’s stock after acquiring an additional 28,841 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Shell were worth $10,515,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Dynamic Advisor Solutions LLC boosted its stake in shares of Shell by 2.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 12,755 shares of the energy company’s stock worth $838,000 after acquiring an additional 354 shares during the last quarter. FORVIS Wealth Advisors LLC boosted its stake in shares of Shell by 10.0% in the fourth quarter. FORVIS Wealth Advisors LLC now owns 7,613 shares of the energy company’s stock worth $501,000 after acquiring an additional 690 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in shares of Shell in the fourth quarter worth approximately $206,000. Cedar Brook Financial Partners LLC boosted its stake in shares of Shell by 35.6% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 5,366 shares of the energy company’s stock worth $339,000 after acquiring an additional 1,408 shares during the last quarter. Finally, Lantz Financial LLC boosted its stake in shares of Shell by 15.2% in the fourth quarter. Lantz Financial LLC now owns 4,332 shares of the energy company’s stock worth $285,000 after acquiring an additional 570 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Down 1.3 %

Shares of SHEL stock traded down $0.90 on Tuesday, hitting $71.31. The stock had a trading volume of 2,851,677 shares, compared to its average volume of 4,210,260. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The firm has a market capitalization of $225.47 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.65 and a beta of 0.59. Shell plc has a 1 year low of $59.51 and a 1 year high of $74.61. The company’s 50 day moving average price is $71.53 and its 200-day moving average price is $68.41.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The firm had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Analysts anticipate that Shell plc will post 8.53 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 17th were issued a dividend of $0.688 per share. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.75 annualized dividend and a yield of 3.86%. Shell’s dividend payout ratio is 50.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. TD Securities boosted their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company reduced their target price 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 lifted their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Scotiabank reduced their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.40.

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.