Altshuler Shaham Ltd Has $2.31 Million Stake in Shell plc (NYSE:SHEL)

Altshuler Shaham Ltd lowered its holdings in shares of Shell plc (NYSE:SHEL) by 22.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,000 shares of the energy company’s stock after selling 9,480 shares during the period. Altshuler Shaham Ltd’s holdings in Shell were worth $2,310,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SHEL. DRW Securities LLC bought a new stake in Shell in the second quarter valued at about $2,816,000. Edge Capital Group LLC boosted its holdings in Shell by 2.5% during the second quarter. Edge Capital Group LLC now owns 124,542 shares of the energy company’s stock valued at $8,989,000 after purchasing an additional 3,096 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Shell in the 2nd quarter worth approximately $33,000. Itau Unibanco Holding S.A. bought a new position in shares of Shell during the 2nd quarter worth approximately $70,000. Finally, Fidelis Capital Partners LLC grew its position in Shell by 34.0% in the second quarter. Fidelis Capital Partners LLC now owns 16,627 shares of the energy company’s stock valued at $1,175,000 after acquiring an additional 4,222 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the topic of several recent analyst reports. Scotiabank reduced their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company reduced their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Wolfe Research initiated coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Argus boosted their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Two equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.00.

Shell Stock Down 0.7 %

NYSE:SHEL opened at $68.72 on Monday. The stock’s fifty day moving average price is $70.88 and its two-hundred day moving average price is $70.71. The company has a market cap of $215.15 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.53 and a beta of 0.57. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. 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 (NYSE:SHEL) last posted its quarterly earnings results 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 return on equity of 14.56% and a net margin of 5.97%. The business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter last year, the business earned $1.50 earnings per share. On average, analysts anticipate that Shell plc will post 8.64 EPS for the current year.

Shell Announces Dividend

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