Seaview Investment Managers LLC Has $527,000 Stake in Shell plc (NYSE:SHEL)

Seaview Investment Managers LLC decreased its position in Shell plc (NYSE:SHEL) by 94.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,299 shares of the energy company’s stock after selling 120,190 shares during the quarter. Seaview Investment Managers LLC’s holdings in Shell were worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the second quarter valued at about $26,000. Triad Wealth Partners LLC bought a new position in Shell during the second quarter worth about $31,000. Beaird Harris Wealth Management LLC grew its holdings in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the period. LRI Investments LLC bought a new position in Shell during the first quarter worth about $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Shell during the second quarter worth about $49,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company reduced their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Argus boosted their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Scotiabank reduced their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Stock Performance

NYSE SHEL opened at $67.43 on Tuesday. The company has a market capitalization of $213.22 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.49 and a beta of 0.57. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The stock has a fifty day simple moving average of $71.84 and a 200 day simple moving average of $70.43. 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 results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating 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 in the prior year, the firm posted $1.50 earnings per share. Sell-side analysts expect that Shell plc will post 8.54 EPS for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. Shell’s dividend payout ratio (DPR) 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.