Shell plc (NYSE:SHEL) Shares Acquired by Callan Capital LLC

Callan Capital LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 62.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,327 shares of the energy company’s stock after acquiring an additional 2,436 shares during the period. Callan Capital LLC’s holdings in Shell were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SHEL. Aveo Capital Partners LLC raised its position in Shell by 20.0% during the fourth quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock worth $354,000 after acquiring an additional 896 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Shell by 37.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock valued at $6,495,000 after purchasing an additional 26,729 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Shell during the fourth quarter valued at about $355,000. Assetmark Inc. lifted its stake in Shell by 5.5% during the fourth quarter. Assetmark Inc. now owns 71,127 shares of the energy company’s stock worth $4,680,000 after purchasing an additional 3,712 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Shell by 58.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,298 shares of the energy company’s stock valued at $414,000 after acquiring an additional 2,311 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the topic of a number of recent research reports. Wolfe Research assumed coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Scotiabank lowered their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Argus lifted their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Two research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Shell Trading Down 0.6 %

Shares of SHEL opened at $68.73 on Friday. The firm has a 50 day simple moving average of $70.88 and a 200-day simple moving average of $70.60. The stock has a market cap of $215.16 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.53 and a beta of 0.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. Shell plc has a 1-year low of $60.34 and a 1-year 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 analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter in the prior year, the company posted $1.50 EPS. Equities analysts forecast that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio (DPR) is presently 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.