Pacer Advisors Inc. Sells 9,246 Shares of Shell plc (NYSE:SHEL)

Pacer Advisors Inc. lowered its holdings in shares of Shell plc (NYSE:SHEL) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 970,418 shares of the energy company’s stock after selling 9,246 shares during the period. Pacer Advisors Inc.’s holdings in Shell were worth $70,045,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SHEL. Aveo Capital Partners LLC grew its stake 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 purchasing an additional 896 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Shell by 37.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock worth $6,495,000 after purchasing an additional 26,729 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Shell in the fourth quarter valued at approximately $355,000. Cambridge Investment Research Advisors Inc. grew its stake in Shell by 9.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 163,012 shares of the energy company’s stock valued at $10,726,000 after acquiring an additional 14,326 shares during the period. Finally, Congress Wealth Management LLC DE acquired a new stake in Shell in the fourth quarter valued at approximately $358,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of a number of research reports. Argus raised their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank cut their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company cut their target price 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Stock Performance

Shares of Shell stock opened at $68.72 on Friday. The business’s fifty day simple moving average is $70.88 and its 200 day simple moving average is $70.66. The firm has a market capitalization of $215.15 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.53 and a beta of 0.57. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 14.56% and a net margin of 5.97%. During the same period last year, the company posted $1.50 earnings per share. As a group, analysts anticipate that Shell plc will post 8.64 EPS for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be paid a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.00%. Shell’s payout ratio is presently 50.74%.

About Shell

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.