Leibman Financial Services Inc. Has $546,000 Position in Shell plc (NYSE:SHEL)

Leibman Financial Services Inc. decreased its position in Shell plc (NYSE:SHEL) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,272 shares of the energy company’s stock after selling 524 shares during the quarter. Leibman Financial Services Inc.’s holdings in Shell were worth $546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in Shell by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 22,823,227 shares of the energy company’s stock worth $1,501,768,000 after purchasing an additional 429,528 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Shell by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after buying an additional 96,549 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Shell by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after buying an additional 772,736 shares during the period. Westwood Global Investments LLC boosted its stake in Shell by 4.1% in the second quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock valued at $183,808,000 after acquiring an additional 100,379 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Shell by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock worth $162,287,000 after acquiring an additional 136,139 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SHEL. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research started coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company raised their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank reduced their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and an average target price of $84.50.

Shell Price Performance

SHEL stock opened at $68.27 on Wednesday. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $69.82 and its 200 day simple moving average is $70.89. The firm has a market cap of $213.74 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.56.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating 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 firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. On average, analysts expect that Shell plc will post 8.44 earnings per share for the current year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. Shell’s payout ratio 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.