Shell plc (NYSE:SHEL) Stake Raised by Beddow Capital Management Inc.

Beddow Capital Management Inc. grew its holdings in shares of Shell plc (NYSE:SHEL) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,061 shares of the energy company’s stock after buying an additional 165 shares during the period. Shell accounts for about 1.9% of Beddow Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Beddow Capital Management Inc.’s holdings in Shell were worth $4,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. United Community Bank increased its stake in shares of Shell by 4.4% during the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock valued at $222,000 after acquiring an additional 139 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after acquiring an additional 142 shares during the period. Marcum Wealth LLC increased its stake in shares of Shell by 3.7% during the first quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after acquiring an additional 150 shares during the period. Lester Murray Antman dba SimplyRich grew its position in Shell by 0.6% in the first quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after buying an additional 153 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Shell by 5.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock worth $191,000 after buying an additional 161 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.6 %

Shares of NYSE:SHEL opened at $68.73 on Friday. The company has a market cap of $215.16 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.53 and a beta of 0.57. The stock’s 50-day moving average is $70.88 and its 200-day moving average is $70.60. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41.

Shell (NYSE:SHEL) last released its 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. The business had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter last year, the company earned $1.50 earnings per share. Equities research analysts predict that Shell plc will post 8.64 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be paid 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 is 50.74%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SHEL. Scotiabank decreased their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company cut their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.00.

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.