Bradley Foster & Sargent Inc. CT Grows Position in Shell plc (NYSE:SHEL)

Bradley Foster & Sargent Inc. CT grew its stake in shares of Shell plc (NYSE:SHEL) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,379 shares of the energy company’s stock after buying an additional 337 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Shell were worth $749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Team Hewins LLC bought a new stake in Shell during the fourth quarter valued at about $769,000. Lazard Asset Management LLC grew its position in shares of Shell by 21.0% during the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after purchasing an additional 7,779 shares in the last quarter. Raymond James & Associates raised its stake in Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares during the period. Cantor Fitzgerald Investment Advisors L.P. bought a new position in Shell in the 4th quarter worth approximately $22,628,000. Finally, Pingora Partners LLC purchased a new stake in Shell during the 4th quarter valued at approximately $1,306,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHEL has been the subject of a number of research reports. 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 lifted their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Berenberg Bank raised Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company decreased their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Price Performance

NYSE:SHEL opened at $69.20 on Friday. The firm has a market capitalization of $218.80 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.51 and a beta of 0.57. The business has a 50 day simple moving average of $70.97 and a 200-day simple moving average of $70.56. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The firm had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same period in the previous year, the company earned $1.50 EPS. Equities analysts forecast that Shell plc will post 8.61 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders 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 yield of 3.98%. Shell’s payout ratio is 50.74%.

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.