Fidelis Capital Partners LLC Raises Holdings in Shell plc (NYSE:SHEL)

Fidelis Capital Partners LLC increased its stake in Shell plc (NYSE:SHEL) by 34.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,627 shares of the energy company’s stock after purchasing an additional 4,222 shares during the period. Fidelis Capital Partners LLC’s holdings in Shell were worth $1,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SHEL. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the 2nd quarter valued at $26,000. Beaird Harris Wealth Management LLC raised its stake in shares of Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Shell during the second quarter worth about $31,000. Fairman Group LLC acquired a new position in Shell in the 4th quarter worth approximately $45,000. Finally, LRI Investments LLC raised its position in Shell by 3,856.3% during the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after buying an additional 617 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 0.7 %

Shares of SHEL stock opened at $68.72 on Friday. The stock has a 50 day simple moving average of $70.88 and a 200-day simple moving average of $70.66. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a market cap of $215.15 billion, a price-to-earnings ratio of 12.68, a PEG 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 posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) 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 the consensus estimate of $88.62 billion. During the same period last year, the firm posted $1.50 earnings per share. On average, equities research analysts expect that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be given a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.00%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analyst Ratings Changes

Several research analysts recently issued reports on SHEL shares. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Argus upped their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. 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. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wolfe Research assumed coverage on shares of Shell in a research note 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.