Perpetual Ltd Boosts Stock Holdings in Shell plc (NYSE:SHEL)

Perpetual Ltd grew its position in shares of Shell plc (NYSE:SHEL) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,594 shares of the energy company’s stock after acquiring an additional 300 shares during the quarter. Perpetual Ltd’s holdings in Shell were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its holdings in shares of Shell by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 22,823,227 shares of the energy company’s stock worth $1,501,768,000 after buying an additional 429,528 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Shell by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after buying an additional 96,549 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $450,180,000 after buying an additional 772,736 shares during the last quarter. Westwood Global Investments LLC boosted its holdings in shares of Shell by 4.1% in the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after buying an additional 100,379 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Shell by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock valued at $162,287,000 after acquiring an additional 136,139 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 0.5 %

Shares of SHEL opened at $68.50 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $69.58 and its 200-day moving average price is $70.86. The stock has a market cap of $214.46 billion, a PE ratio of 12.23, a P/E/G ratio of 1.57 and a beta of 0.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. The company 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 period in the prior year, the business earned $1.50 earnings per share. On average, equities analysts forecast that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were given a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Friday, August 16th. Shell’s dividend payout ratio (DPR) is 49.11%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wolfe Research assumed coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company boosted their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Shell Company 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.