HB Wealth Management LLC Boosts Stock Position in Shell plc (NYSE:SHEL)

HB Wealth Management LLC boosted its stake in shares of Shell plc (NYSE:SHEL) by 33.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 39,912 shares of the energy company’s stock after acquiring an additional 10,105 shares during the period. HB Wealth Management LLC’s holdings in Shell were worth $2,881,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SHEL. United Community Bank raised its position in shares of Shell by 4.4% in the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock valued at $222,000 after buying an additional 139 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Shell by 1.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after purchasing an additional 142 shares during the last quarter. Marcum Wealth LLC grew its position in shares of Shell by 3.7% in the first quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after purchasing an additional 150 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its stake in Shell by 0.6% during the first quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after buying an additional 153 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Shell by 5.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock worth $191,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Argus upped 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. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. TD Securities raised their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Scotiabank cut their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, Wells Fargo & Company lowered their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Stock Up 0.1 %

Shares of SHEL stock traded up $0.09 during trading on Thursday, reaching $72.04. The company’s stock had a trading volume of 803,745 shares, compared to its average volume of 4,072,780. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a market capitalization of $227.79 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.60 and a beta of 0.59. The stock’s 50-day moving average price is $72.12 and its 200 day moving average price is $70.06.

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

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 3.82%. Shell’s dividend payout ratio (DPR) is 50.74%.

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.