SYSTM Wealth Solutions LLC Sells 8,118 Shares of Shell plc (NYSE:SHEL)

SYSTM Wealth Solutions LLC trimmed its position in shares of Shell plc (NYSE:SHEL) by 72.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,015 shares of the energy company’s stock after selling 8,118 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Shell were worth $218,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Shell in the second quarter worth $215,000. Bradley Foster & Sargent Inc. CT increased its stake in shares of Shell by 3.4% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 10,379 shares of the energy company’s stock worth $749,000 after acquiring an additional 337 shares in the last quarter. Foresight Global Investors Inc. purchased a new position in Shell during the 2nd quarter valued at about $1,472,000. Sargent Investment Group LLC purchased a new stake in Shell in the second quarter worth about $283,000. Finally, Moors & Cabot Inc. lifted its holdings in shares of Shell by 1.0% during the second quarter. Moors & Cabot Inc. now owns 46,950 shares of the energy company’s stock valued at $3,389,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $68.16 on Thursday. The firm’s 50 day moving average price is $71.05 and its 200-day moving average price is $70.57. 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 stock has a market capitalization of $215.53 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results 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 business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter last year, the company posted $1.50 EPS. Equities research analysts expect that Shell plc will post 8.61 EPS for the current year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be paid a dividend of $0.688 per share. The ex-dividend date is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.04%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Argus raised 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. Wells Fargo & Company lowered their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Finally, Scotiabank cut their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

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.