Rhumbline Advisers Acquires 3,143 Shares of Shell plc (NYSE:SHEL)

Rhumbline Advisers increased its position in Shell plc (NYSE:SHEL) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,107 shares of the energy company’s stock after acquiring an additional 3,143 shares during the quarter. Rhumbline Advisers’ holdings in Shell were worth $2,534,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC purchased a new stake in Shell in the 2nd quarter worth approximately $26,000. Beaird Harris Wealth Management LLC increased its holdings in Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in Shell in the 2nd quarter worth approximately $31,000. Fairman Group LLC purchased a new stake in Shell in the 4th quarter worth approximately $45,000. Finally, LRI Investments LLC raised its position in shares of Shell by 3,856.3% during the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after buying an additional 617 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SHEL shares. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company dropped their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Scotiabank dropped their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Argus upped their target price 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. Finally, Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Trading Up 0.0 %

SHEL opened at $68.16 on Thursday. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The stock has a fifty day moving average price of $71.05 and a 200-day moving average price of $70.57. The firm has a market cap of $215.53 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.51 and a beta of 0.57. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The firm had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter last year, the firm earned $1.50 EPS. As a group, equities research analysts anticipate that Shell plc will post 8.61 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be paid a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.04%. 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.