&Partners Has $740,000 Stock Position in Shell plc (NYSE:SHEL)

&Partners lifted its stake in Shell plc (NYSE:SHEL) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,039 shares of the energy company’s stock after acquiring an additional 4,156 shares during the quarter. &Partners’ holdings in Shell were worth $740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new position in Shell during the third quarter worth about $26,000. Rise Advisors LLC grew its holdings in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. grew its holdings in Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the period. Finally, Fortis Group Advisors LLC bought a new position in Shell during the third quarter worth about $32,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

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

Shell Trading Down 0.1 %

Shares of SHEL stock opened at $69.94 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a market cap of $222.39 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 1.80 and a beta of 0.60. The stock has a 50 day simple moving average of $71.51 and a 200 day simple moving average of $67.32. Shell plc has a 1 year low of $58.14 and a 1 year high of $74.61.

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

Shell Increases Dividend

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

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.