King Luther Capital Management Corp Purchases 415 Shares of Shell plc (NYSE:SHEL)

King Luther Capital Management Corp grew its position in shares of Shell plc (NYSE:SHEL) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,832 shares of the energy company’s stock after buying an additional 415 shares during the period. King Luther Capital Management Corp’s holdings in Shell were worth $1,720,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SHEL. Aveo Capital Partners LLC raised its position in shares of Shell by 20.0% in the fourth quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock valued at $354,000 after purchasing an additional 896 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Shell by 37.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock valued at $6,495,000 after acquiring an additional 26,729 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Shell during the fourth quarter worth $355,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Shell by 9.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 163,012 shares of the energy company’s stock valued at $10,726,000 after purchasing an additional 14,326 shares in the last quarter. Finally, Congress Wealth Management LLC DE bought a new stake in shares of Shell during the 4th quarter valued at $358,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company decreased their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Wolfe Research started coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Argus upped 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. Finally, Scotiabank reduced 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. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Stock Performance

NYSE SHEL opened at $68.72 on Friday. The company has a market capitalization of $215.15 billion, a P/E ratio of 12.68, 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 quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a fifty day moving average of $70.88 and a 200-day moving average of $70.66.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion for 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 period in the prior year, the company earned $1.50 EPS. As a group, equities research analysts predict that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.00%. Shell’s dividend payout ratio (DPR) 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.