Iams Wealth Management LLC Raises Stock Position in Shell plc (NYSE:SHEL)

Iams Wealth Management LLC boosted its stake in shares of Shell plc (NYSE:SHEL) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 25,183 shares of the energy company’s stock after purchasing an additional 647 shares during the period. Iams Wealth Management LLC’s holdings in Shell were worth $1,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its stake in shares of Shell by 4.8% in the 3rd quarter. Creative Planning now owns 306,491 shares of the energy company’s stock valued at $20,213,000 after purchasing an additional 13,904 shares during the period. Sivia Capital Partners LLC raised its position in shares of Shell by 7.8% in the third quarter. Sivia Capital Partners LLC now owns 8,412 shares of the energy company’s stock worth $555,000 after acquiring an additional 609 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Shell during the 3rd quarter worth about $161,000. Procyon Advisors LLC grew its position in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after acquiring an additional 159 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Shell by 41.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,670 shares of the energy company’s stock valued at $506,000 after purchasing an additional 2,233 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wolfe Research started coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

Shell Stock Down 0.1 %

Shares of NYSE SHEL opened at $68.39 on Tuesday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The business’s 50 day moving average is $69.58 and its two-hundred day moving average is $70.92. The firm has a market cap of $216.25 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.57 and a beta of 0.56. 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 announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $75.06 billion during 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 previous year, the business posted $1.50 earnings per share. Research analysts predict that Shell plc will post 8.44 EPS for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Friday, August 16th. Shell’s dividend payout ratio is presently 50.74%.

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.