Shell plc (NYSE:SHEL) Stock Position Reduced by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC lowered its stake in shares of Shell plc (NYSE:SHEL) by 13.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,743 shares of the energy company’s stock after selling 761 shares during the period. Atlas Capital Advisors LLC’s holdings in Shell were worth $318,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Shell by 64.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 71,977 shares of the energy company’s stock worth $4,634,000 after acquiring an additional 28,165 shares in the last quarter. Rhumbline Advisers increased its position in Shell by 1.4% during the third quarter. Rhumbline Advisers now owns 27,123 shares of the energy company’s stock worth $1,746,000 after buying an additional 385 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Shell by 9.4% in the third quarter. Hsbc Holdings PLC now owns 22,995 shares of the energy company’s stock worth $1,480,000 after buying an additional 1,976 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Shell by 56,388.6% during the 3rd quarter. Federated Hermes Inc. now owns 59,313 shares of the energy company’s stock valued at $3,819,000 after acquiring an additional 59,208 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Shell by 109.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,731 shares of the energy company’s stock worth $1,335,000 after purchasing an additional 10,839 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 0.8 %

Shell stock opened at $71.44 on Friday. Shell plc has a 12 month low of $58.14 and a 12 month high of $74.61. The stock has a market cap of $227.16 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.79 and a beta of 0.60. The business has a 50 day moving average price of $71.51 and a two-hundred day moving average price of $67.48. 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 (NYSE:SHEL) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The firm had revenue of $74.70 billion during the quarter, compared to analysts’ expectations of $88.03 billion. As a group, equities analysts forecast that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s payout ratio is presently 50.74%.

Analysts Set New Price Targets

SHEL has been the subject of a number of research analyst reports. TD Securities boosted their target price on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Argus increased their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company cut their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.