Marcum Wealth LLC Buys 150 Shares of Shell plc (NYSE:SHEL)

Marcum Wealth LLC raised its holdings in shares of Shell plc (NYSE:SHEL) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,223 shares of the energy company’s stock after purchasing an additional 150 shares during the quarter. Marcum Wealth LLC’s holdings in Shell were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SHEL. Team Hewins LLC purchased a new position in Shell in the fourth quarter valued at about $769,000. Private Trust Co. NA lifted its holdings in Shell by 14.7% in the fourth quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock valued at $693,000 after acquiring an additional 1,348 shares during the period. Westwood Global Investments LLC raised its stake in shares of Shell by 14.4% during the 4th quarter. Westwood Global Investments LLC now owns 2,417,326 shares of the energy company’s stock worth $159,060,000 after buying an additional 304,871 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Shell during the fourth quarter worth approximately $22,628,000. Finally, Pingora Partners LLC purchased a new stake in shares of Shell during the fourth quarter worth approximately $1,306,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.1 %

NYSE:SHEL opened at $69.94 on Friday. The stock’s 50 day moving average price is $71.51 and its 200 day moving average price is $67.29. The company has a market capitalization of $222.39 billion, a PE ratio of 12.90, a P/E/G ratio of 1.80 and a beta of 0.60. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. Shell plc has a 52-week low of $58.14 and a 52-week high of $74.61.

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

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be paid a $0.688 dividend. This is an increase from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, May 16th. Shell’s dividend payout ratio (DPR) is 50.74%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SHEL shares. Wells Fargo & Company dropped their target price on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday. TD Securities increased their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Argus increased their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.25.

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.