Gratus Wealth Advisors LLC Buys 1,136 Shares of Shell plc (NYSE:SHEL)

Gratus Wealth Advisors LLC boosted its stake in Shell plc (NYSE:SHEL) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,939 shares of the energy company’s stock after purchasing an additional 1,136 shares during the period. Gratus Wealth Advisors LLC’s holdings in Shell were worth $838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new position in Shell in the second quarter valued at about $26,000. Beaird Harris Wealth Management LLC raised its holdings in Shell by 611.1% in the 4th 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 period. Triad Wealth Partners LLC purchased a new position in Shell during the second quarter valued at $31,000. Fairscale Capital LLC purchased a new stake in Shell in the second quarter worth about $33,000. Finally, Fairman Group LLC bought a new position in shares of Shell in the fourth quarter worth about $45,000. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SHEL shares. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research began coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Scotiabank decreased their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Shell Price Performance

NYSE:SHEL opened at $68.27 on Wednesday. The business’s 50-day moving average is $69.82 and its 200 day moving average is $70.89. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The company has a market capitalization of $213.74 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.56 and a beta of 0.56. 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 released its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, equities research analysts forecast that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.03%. 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.