Wealthcare Advisory Partners LLC Has $520,000 Holdings in Shell plc (NYSE:SHEL)

Wealthcare Advisory Partners LLC lifted its position in Shell plc (NYSE:SHEL) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,759 shares of the energy company’s stock after buying an additional 759 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Shell were worth $520,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SHEL. VisionPoint Advisory Group LLC acquired a new position in shares of Shell during the 3rd quarter valued at 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 valued at $27,000 after purchasing an additional 189 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in shares of Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after buying an additional 385 shares during the period. Finally, Fortis Group Advisors LLC bought a new position in Shell in the 3rd quarter worth $32,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SHEL shares. TD Securities raised their price target on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Argus lifted their price target on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, 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 research report on Friday, June 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.25.

Shell Price Performance

Shares of NYSE:SHEL opened at $72.18 on Friday. The firm has a market capitalization of $229.51 billion, a PE ratio of 13.32, a PEG ratio of 1.80 and a beta of 0.60. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. Shell plc has a 1-year low of $58.14 and a 1-year high of $74.61. The business’s 50 day moving average is $71.51 and its 200-day moving average is $67.57.

Shell (NYSE:SHEL) last announced 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. Shell had a net margin of 5.83% and a return on equity of 13.83%. The firm had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. Sell-side analysts predict that Shell plc will post 8.55 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were paid a $0.688 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s dividend 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.