Retirement Investment Advisors Inc. Invests $226,000 in Shell plc (NYSE:SHEL)

Retirement Investment Advisors Inc. acquired a new position in shares of Shell plc (NYSE:SHEL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,130 shares of the energy company’s stock, valued at approximately $226,000.

Other hedge funds have also added to or reduced their stakes in the company. Aveo Capital Partners LLC lifted its position in shares of Shell by 20.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock valued at $354,000 after buying an additional 896 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Shell by 37.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock valued at $6,495,000 after purchasing an additional 26,729 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Shell in the 4th quarter worth approximately $355,000. Coldstream Capital Management Inc. grew its stake in Shell by 11.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 10,306 shares of the energy company’s stock valued at $678,000 after buying an additional 1,032 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Shell by 2.5% during the 4th quarter. Corient Private Wealth LLC now owns 603,596 shares of the energy company’s stock valued at $39,717,000 after acquiring an additional 14,481 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

SHEL stock opened at $69.20 on Friday. Shell plc has a one year low of $60.34 and a one year high of $74.61. The firm has a 50 day simple moving average of $70.97 and a two-hundred day simple moving average of $70.56. The stock has a market cap of $216.63 billion, a PE ratio of 12.77, a P/E/G ratio of 1.53 and a beta of 0.57. 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 issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. The business had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, analysts predict that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently announced 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. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SHEL. Wells Fargo & Company reduced their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Scotiabank decreased their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Wolfe Research began coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Two research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.