DRW Securities LLC Purchases New Position in Shell plc (NYSE:SHEL)

DRW Securities LLC acquired a new position in shares of Shell plc (NYSE:SHEL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,000 shares of the energy company’s stock, valued at approximately $2,816,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new stake in Shell during the 2nd quarter worth $26,000. Beaird Harris Wealth Management LLC boosted its stake 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 during the period. Triad Wealth Partners LLC purchased a new position in shares of Shell during the second quarter worth about $31,000. Fairscale Capital LLC purchased a new stake in Shell during the 2nd quarter valued at approximately $33,000. Finally, Fairman Group LLC acquired a new stake in Shell during the 4th quarter worth approximately $45,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Shell Stock Performance

Shares of SHEL stock opened at $68.72 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 stock has a market cap of $215.15 billion, a PE ratio of 12.68, a P/E/G ratio of 1.53 and a beta of 0.57. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock has a fifty day moving average price of $70.88 and a 200 day moving average price of $70.66.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. The business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the previous year, the firm earned $1.50 EPS. Sell-side analysts forecast that Shell plc will post 8.64 earnings per share for the current fiscal 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 given a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.00%. Shell’s dividend payout ratio is currently 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.