AMG National Trust Bank Invests $462,000 in Shell plc (NYSE:SHEL)

AMG National Trust Bank purchased a new position in Shell plc (NYSE:SHEL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,402 shares of the energy company’s stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC acquired a new stake in Shell in the 2nd quarter valued at about $26,000. Beaird Harris Wealth Management LLC grew its stake in shares of Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of Shell during the 2nd quarter worth approximately $31,000. Allspring Global Investments Holdings LLC raised its position in shares of Shell by 90.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after buying an additional 235 shares during the period. Finally, Fairman Group LLC purchased a new position in Shell in the fourth quarter worth approximately $45,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Up 1.4 %

Shares of NYSE:SHEL traded up $0.98 during trading on Friday, hitting $72.43. The company’s stock had a trading volume of 3,512,937 shares, compared to its average volume of 4,119,968. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The business has a 50 day moving average price of $71.93 and a two-hundred day moving average price of $69.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company has a market capitalization of $227.89 billion, a PE ratio of 13.36, a P/E/G ratio of 1.60 and a beta of 0.59.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm 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 earnings per share. As a group, research analysts expect that Shell plc will post 8.63 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, August 16th. Shell’s dividend payout ratio (DPR) is 50.74%.

Analysts Set New Price Targets

A number of research firms have commented on SHEL. TD Securities lifted their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Wolfe Research initiated coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Argus raised their price target on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.