Shell plc (NYSE:SHEL) Shares Sold by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP lessened its position in shares of Shell plc (NYSE:SHEL) by 41.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,333 shares of the energy company’s stock after selling 144,713 shares during the quarter. Davidson Kempner Capital Management LP’s holdings in Shell were worth $14,821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new position in shares of Shell during the 2nd quarter worth $26,000. Beaird Harris Wealth Management LLC raised its stake in Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after purchasing an additional 385 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in Shell in the 2nd quarter valued at about $31,000. Fairscale Capital LLC acquired a new position in Shell in the 2nd quarter valued at about $33,000. Finally, Fairman Group LLC acquired a new position in Shell in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shell Stock Down 0.7 %

Shares of NYSE:SHEL opened at $68.72 on Monday. 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 plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock has a market capitalization of $215.15 billion, a P/E ratio of 12.68, a PEG ratio of 1.53 and a beta of 0.57. The stock has a 50-day simple moving average of $70.88 and a 200-day simple moving average of $70.71.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The business had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the previous year, the business earned $1.50 EPS. Equities analysts forecast that Shell plc will post 8.64 earnings per share for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued a $0.688 dividend. 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 presently 50.74%.

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.