PFG Investments LLC Grows Stake in Shell plc (NYSE:SHEL)

PFG Investments LLC boosted its holdings in Shell plc (NYSE:SHEL) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,723 shares of the energy company’s stock after purchasing an additional 1,721 shares during the quarter. PFG Investments LLC’s holdings in Shell were worth $1,929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Aveo Capital Partners LLC lifted its position in Shell by 20.0% in the fourth quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock valued at $354,000 after acquiring an additional 896 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Shell by 37.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock worth $6,495,000 after buying an additional 26,729 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Shell by 14.4% in the fourth quarter. Johnson Investment Counsel Inc. now owns 24,686 shares of the energy company’s stock valued at $1,624,000 after buying an additional 3,103 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Shell by 1.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 49,056 shares of the energy company’s stock worth $3,228,000 after buying an additional 831 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in Shell by 3.3% during the 4th quarter. Ieq Capital LLC now owns 20,203 shares of the energy company’s stock valued at $1,329,000 after acquiring an additional 639 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL opened at $67.43 on Tuesday. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The firm has a 50 day simple moving average of $71.84 and a 200-day simple moving average of $70.43. The firm has a market cap of $213.22 billion, a PE ratio of 12.44, a P/E/G ratio of 1.49 and a beta of 0.57. 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 (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter in the prior year, the company posted $1.50 EPS. On average, equities analysts expect that Shell plc will post 8.54 EPS for the current year.

Shell Announces Dividend

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 issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, August 16th. Shell’s dividend payout ratio (DPR) is 50.74%.

Analysts Set New Price Targets

Several brokerages have weighed in on SHEL. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company reduced their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Argus raised their price objective on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research note 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 note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently 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.