Shell plc (NYSE:SHEL) Shares Bought by Centaurus Financial Inc.

Centaurus Financial Inc. raised its position in Shell plc (NYSE:SHEL) by 13.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,602 shares of the energy company’s stock after buying an additional 771 shares during the quarter. Centaurus Financial Inc.’s holdings in Shell were worth $434,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Shell by 64.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,977 shares of the energy company’s stock worth $4,634,000 after purchasing an additional 28,165 shares during the period. Rhumbline Advisers lifted its holdings in shares of Shell by 1.4% during the 3rd quarter. Rhumbline Advisers now owns 27,123 shares of the energy company’s stock worth $1,746,000 after acquiring an additional 385 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Shell by 4.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 52,838 shares of the energy company’s stock worth $3,402,000 after acquiring an additional 2,415 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Shell in the third quarter valued at approximately $3,105,000. Finally, Envestnet Asset Management Inc. raised its holdings in Shell by 60.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,965,941 shares of the energy company’s stock valued at $126,567,000 after buying an additional 742,698 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Securities raised their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Wells Fargo & Company lifted their price target on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Argus lifted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Shell Stock Performance

NYSE:SHEL opened at $69.00 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. Shell plc has a fifty-two week low of $58.14 and a fifty-two week high of $74.61. The company has a market cap of $219.40 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.77 and a beta of 0.60. The stock has a fifty day moving average price of $71.77 and a 200-day moving average price of $67.15.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. As a group, equities analysts anticipate that Shell plc will post 8.37 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be given a $0.688 dividend. This is an increase from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, May 16th. Shell’s dividend payout ratio (DPR) is currently 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.