Werba Rubin Papier Wealth Management Acquires New Stake in Shell plc (NYSE:SHEL)

Werba Rubin Papier Wealth Management bought a new stake in Shell plc (NYSE:SHEL) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,428 shares of the energy company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hobbs Group Advisors LLC acquired a new position in shares of Shell during the 2nd quarter worth approximately $26,000. Triad Wealth Partners LLC purchased a new stake in Shell in the 2nd quarter valued at $31,000. Beaird Harris Wealth Management LLC increased its stake in shares of Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares during the last quarter. LRI Investments LLC acquired a new position in shares of Shell during the 1st quarter valued at about $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Shell in the second quarter valued at about $49,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHEL. Wells Fargo & Company dropped their price target 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. Wolfe Research initiated coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Argus increased their price objective on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Scotiabank lowered their price target 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, Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Two equities 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 data from MarketBeat.com, Shell currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Stock Down 1.8 %

SHEL traded down $1.21 on Friday, hitting $66.91. 5,196,362 shares of the company were exchanged, compared to its average volume of 4,096,644. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company has a market cap of $211.57 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.57. The firm has a 50-day moving average price of $71.95 and a two-hundred day moving average price of $70.36. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

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

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Friday, August 16th. Shell’s dividend payout ratio is presently 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.