Brighton Jones LLC Increases Stock Position in Shell plc (NYSE:SHEL)

Brighton Jones LLC grew its holdings in Shell plc (NYSE:SHEL) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,033 shares of the energy company’s stock after buying an additional 215 shares during the quarter. Brighton Jones LLC’s holdings in Shell were worth $508,000 at the end of the most recent quarter.

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

Shell Stock Performance

Shell stock opened at $68.72 on Friday. The company has a market cap of $215.15 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth 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 plc has a 12 month low of $60.34 and a 12 month high of $74.61. The stock’s 50-day moving average is $70.88 and its 200-day moving average is $70.66.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same quarter in the previous year, the business posted $1.50 EPS. Equities analysts anticipate that Shell plc will post 8.64 earnings per share for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

SHEL has been the topic of several recent research reports. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Argus upped their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Scotiabank lowered 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 note on Friday, July 12th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.