Shell plc (NYSE:SHEL) Stake Raised by Axiom Advisory LLC

Axiom Advisory LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 88.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,104 shares of the energy company’s stock after purchasing an additional 7,075 shares during the quarter. Axiom Advisory LLC’s holdings in Shell were worth $1,070,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC purchased a new stake in shares of Shell during the second quarter worth $26,000. Triad Wealth Partners LLC acquired a new stake in shares of Shell during the 2nd quarter valued at about $31,000. Beaird Harris Wealth Management LLC grew its stake in shares of Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares in the last quarter. Fairscale Capital LLC bought a new position in Shell during the second quarter valued at approximately $33,000. Finally, LRI Investments LLC bought a new stake in Shell in the first quarter worth approximately $47,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 2.8 %

Shares of SHEL stock opened at $68.27 on Wednesday. The stock has a 50 day moving average of $69.82 and a 200-day moving average of $70.89. The firm has a market cap of $213.74 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.56. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter last year, the company earned $1.50 EPS. On average, equities analysts predict that Shell plc will post 8.44 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders 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 dividend payout ratio (DPR) is currently 50.74%.

Analyst Ratings Changes

SHEL has been the topic of a number of recent research reports. Scotiabank cut their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wolfe Research initiated coverage on Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company increased their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.50.

About Shell

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.