Shell plc (NYSE:SHEL) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its holdings in Shell plc (NYSE:SHEL) by 8.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 323,875 shares of the energy company’s stock after acquiring an additional 25,143 shares during the period. Sei Investments Co.’s holdings in Shell were worth $23,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its position in shares of Shell by 21.0% during the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after purchasing an additional 7,779 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after acquiring an additional 673,624 shares during the last quarter. Pingora Partners LLC purchased a new stake in Shell during the 4th quarter worth about $1,306,000. Foresight Global Investors Inc. purchased a new position in Shell in the 2nd quarter valued at about $1,472,000. Finally, Norden Group LLC grew its holdings in shares of Shell by 2,843.4% during the first quarter. Norden Group LLC now owns 170,867 shares of the energy company’s stock worth $11,455,000 after buying an additional 165,062 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Argus lifted their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Scotiabank dropped their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Shell currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Stock Performance

Shell stock opened at $69.41 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $70.74 and a 200-day moving average of $70.78. The stock has a market cap of $219.48 billion, a P/E ratio of 12.81, a price-to-earnings-growth 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.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping 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 company had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the business earned $1.50 EPS. On average, analysts expect that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.96%. Shell’s payout ratio is currently 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.