Mount Yale Investment Advisors LLC Raises Stock Holdings in Shell plc (NYSE:SHEL)

Mount Yale Investment Advisors LLC lifted its holdings in Shell plc (NYSE:SHEL) by 154.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,512 shares of the energy company’s stock after purchasing an additional 19,721 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Shell were worth $2,347,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in shares of Shell by 21.0% in the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock valued at $3,009,000 after purchasing an additional 7,779 shares during the last quarter. Raymond James & Associates boosted its stake in Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after buying an additional 673,624 shares during the period. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Shell in the fourth quarter valued at $22,628,000. Pingora Partners LLC bought a new stake in shares of Shell in the 4th quarter worth about $1,306,000. Finally, Norden Group LLC grew its holdings in Shell by 2,843.4% during the 1st quarter. Norden Group LLC now owns 170,867 shares of the energy company’s stock valued at $11,455,000 after purchasing an additional 165,062 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Scotiabank dropped their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company reduced their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Argus lifted their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Stock Performance

Shares of Shell stock opened at $68.72 on Friday. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The stock’s fifty day moving average price is $70.88 and its 200-day moving average price is $70.66. The firm has a market cap of $215.15 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.53 and a beta of 0.57. 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 posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS 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 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 quarter in the previous year, the business posted $1.50 EPS. On average, equities research analysts expect that Shell plc will post 8.64 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently declared 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.