Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in Shell plc (NYSE:SHEL)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Shell plc (NYSE:SHEL) by 721.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,644 shares of the energy company’s stock after buying an additional 102,444 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Shell were worth $8,419,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new position in Shell during the second quarter worth approximately $26,000. Triad Wealth Partners LLC purchased a new position in Shell in the second quarter worth approximately $31,000. Beaird Harris Wealth Management LLC boosted 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 period. Fairscale Capital LLC acquired a new stake in Shell in the second quarter valued at $33,000. Finally, LRI Investments LLC acquired a new stake in Shell in the first quarter valued at $47,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL opened at $68.50 on Friday. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The stock’s 50 day moving average is $69.93 and its two-hundred day moving average is $70.80. The firm has a market capitalization of $216.60 billion, a PE ratio of 12.64, a P/E/G ratio of 1.53 and a beta of 0.57. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. The business 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 quarter in the previous year, the company earned $1.50 EPS. Research analysts anticipate that Shell plc will post 8.44 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were issued a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.02%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of research analyst reports. Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company dropped their price target on Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, September 27th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and an average target price of $83.50.

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.