Signature Estate & Investment Advisors LLC Invests $278,000 in Shell plc (NYSE:SHEL)

Signature Estate & Investment Advisors LLC purchased a new position in Shell plc (NYSE:SHEL) during the second quarter, HoldingsChannel reports. The firm purchased 3,854 shares of the energy company’s stock, valued at approximately $278,000.

A number of other hedge funds also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC purchased a new stake in shares of Shell during the second quarter valued at about $26,000. Beaird Harris Wealth Management LLC lifted its position in shares of Shell by 611.1% during 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 last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Shell during the second quarter valued at about $31,000. Allspring Global Investments Holdings LLC lifted its position in shares of Shell by 90.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Finally, Fairman Group LLC purchased a new position in shares of Shell in the 4th quarter valued at approximately $45,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SHEL. Scotiabank decreased their price objective on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Wolfe Research began coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Argus increased their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, TD Securities increased 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and an average price target of $85.00.

Shell Stock Performance

Shares of NYSE SHEL traded down $0.33 during midday trading on Tuesday, reaching $72.74. 515,690 shares of the stock were exchanged, compared to its average volume of 4,086,804. The firm has a market cap of $230.01 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.60 and a beta of 0.59. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The firm has a 50-day simple moving average of $72.01 and a two-hundred day simple moving average of $69.98. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter last year, the company earned $1.50 EPS. As a group, analysts anticipate that Shell plc will post 8.63 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be paid a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.78%. Shell’s payout ratio is 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.