Blair William & Co. IL Acquires 395 Shares of Shell plc (NYSE:SHEL)

Blair William & Co. IL lifted its holdings in shares of Shell plc (NYSE:SHEL) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,671 shares of the energy company’s stock after buying an additional 395 shares during the period. Blair William & Co. IL’s holdings in Shell were worth $4,884,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Hobbs Group Advisors LLC bought a new position in shares of Shell in the second quarter worth about $26,000. Triad Wealth Partners LLC acquired a new stake in Shell in the second quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC increased its holdings in shares of Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after buying an additional 385 shares in the last quarter. LRI Investments LLC acquired a new position in Shell in the 1st quarter worth about $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Shell in the 2nd quarter valued at approximately $49,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company dropped their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Argus lifted 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, 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. According to MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Trading Down 0.7 %

NYSE SHEL opened at $68.72 on Friday. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The business has a 50 day moving average price of $70.88 and a 200-day moving average price of $70.66. 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 company has a market cap of $215.15 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.53 and a beta of 0.57.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the firm earned $1.50 earnings per share. As a group, equities analysts expect that Shell plc will post 8.64 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be issued a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.00%. Shell’s dividend payout ratio 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.