Anchor Capital Advisors LLC Sells 625 Shares of Shell plc (NYSE:SHEL)

Anchor Capital Advisors LLC reduced its holdings in shares of Shell plc (NYSE:SHEL) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,772 shares of the energy company’s stock after selling 625 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Shell were worth $20,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mondrian Investment Partners LTD boosted its stake in Shell by 83.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after purchasing an additional 993,342 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Shell by 130.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock worth $92,132,000 after buying an additional 793,136 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after buying an additional 772,736 shares during the last quarter. Raymond James & Associates boosted its holdings in Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after acquiring an additional 673,624 shares during the last quarter. Finally, Senator Investment Group LP bought a new stake in shares of Shell in the 1st quarter worth $42,775,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of SHEL opened at $66.91 on Friday. 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 firm has a market cap of $211.57 billion, a PE ratio of 12.35, a PEG ratio of 1.59 and a beta of 0.57. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock’s fifty day moving average price is $71.95 and its two-hundred day moving average price is $70.36.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. The business had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the prior year, the firm earned $1.50 earnings per share. On average, equities research analysts forecast that Shell plc will post 8.58 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued 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 yield of 4.11%. Shell’s payout ratio is 50.74%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SHEL shares. Wolfe Research began coverage on shares of Shell in a report on Thursday, July 18th. They set 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 for the company in a report on Friday, June 21st. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Scotiabank reduced their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

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.