Sunbelt Securities Inc. Grows Stock Holdings in Shell plc (NYSE:SHEL)

Sunbelt Securities Inc. boosted its holdings in Shell plc (NYSE:SHEL) by 2.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 14,394 shares of the energy company’s stock after buying an additional 337 shares during the period. Sunbelt Securities Inc.’s holdings in Shell were worth $965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SHEL. Marcum Wealth LLC lifted its holdings in Shell by 3.7% in the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock worth $283,000 after purchasing an additional 150 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Shell by 5.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock worth $191,000 after acquiring an additional 161 shares during the last quarter. Founders Capital Management grew its stake in Shell by 25.4% during the fourth quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after acquiring an additional 168 shares in the last quarter. Abacus Planning Group Inc. lifted its stake in Shell by 3.5% in the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock worth $329,000 after purchasing an additional 169 shares in the last quarter. Finally, Roberts Wealth Advisors LLC boosted its holdings in shares of Shell by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock valued at $1,749,000 after purchasing an additional 172 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of Shell stock opened at $71.44 on Friday. The stock has a 50 day moving average price of $71.51 and a 200-day moving average price of $67.48. Shell plc has a one year low of $58.14 and a one year 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 company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The business had revenue of $74.70 billion for the quarter, compared to analysts’ expectations of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. Equities analysts expect that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on SHEL shares. Wells Fargo & Company decreased their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. TD Securities increased 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. Finally, Argus boosted their price target on shares of Shell from $77.00 to $79.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat, the company currently 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.