GM Advisory Group LLC Decreases Stake in Shell plc (NYSE:SHEL)

GM Advisory Group LLC decreased its stake in shares of Shell plc (NYSE:SHEL) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,225 shares of the energy company’s stock after selling 331 shares during the quarter. GM Advisory Group LLC’s holdings in Shell were worth $1,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. Hobbs Group Advisors LLC purchased a new position in Shell in the 2nd quarter worth $26,000. Beaird Harris Wealth Management LLC raised its stake in shares of Shell by 611.1% in the fourth 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 last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Shell during the second quarter worth about $31,000. Fairman Group LLC purchased a new stake in Shell in the fourth quarter valued at approximately $45,000. Finally, LRI Investments LLC raised its position in Shell by 3,856.3% during the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after buying an additional 617 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the topic of several recent research reports. Wolfe Research began coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Argus raised their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company lowered their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Price Performance

Shares of NYSE SHEL opened at $69.20 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market cap of $216.63 billion, a PE ratio of 12.77, a PEG ratio of 1.53 and a beta of 0.57. Shell plc has a one year low of $60.34 and a one year high of $74.61. The firm has a fifty day moving average of $70.97 and a 200 day moving average of $70.56.

Shell (NYSE:SHEL) last released 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 firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. As a group, research analysts predict that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.98%. Shell’s payout ratio is currently 50.74%.

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.