Shell plc (NYSE:SHEL) Shares Purchased by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its stake in Shell plc (NYSE:SHEL) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,380 shares of the energy company’s stock after buying an additional 230 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Shell were worth $299,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hobbs Group Advisors LLC purchased a new position in Shell during the second quarter worth about $26,000. Triad Wealth Partners LLC acquired a new position in Shell in the second quarter valued at about $31,000. Fairscale Capital LLC purchased a new position in Shell during the second quarter worth about $33,000. LRI Investments LLC purchased a new stake in shares of Shell in the 1st quarter valued at approximately $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Shell in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.8 %

Shares of NYSE:SHEL opened at $66.64 on Thursday. 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 plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The stock has a market cap of $210.72 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.57 and a beta of 0.56. The firm’s 50 day moving average price is $69.39 and its 200 day moving average price is $70.89.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. As a group, equities research analysts predict that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.13%. Shell’s dividend payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SHEL. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus price target of $82.00.

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.