Mercer Global Advisors Inc. ADV Purchases 3,374 Shares of Shell plc (NYSE:SHEL)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of Shell plc (NYSE:SHEL) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,040 shares of the energy company’s stock after buying an additional 3,374 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Shell were worth $14,800,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. United Community Bank boosted its holdings in Shell by 4.4% during the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after acquiring an additional 139 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after purchasing an additional 142 shares during the last quarter. Marcum Wealth LLC grew its position 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. Lester Murray Antman dba SimplyRich lifted its holdings in Shell by 0.6% during the first quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after acquiring an additional 153 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Shell by 5.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock worth $191,000 after purchasing an additional 161 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SHEL shares. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Argus lifted their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Scotiabank decreased their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Stock Performance

NYSE:SHEL opened at $69.20 on Friday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The business’s fifty day moving average is $70.97 and its 200 day moving average is $70.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market cap of $218.80 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.51 and a beta of 0.57.

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

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.98%. Shell’s payout ratio is currently 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.