Magnolia Capital Advisors LLC Invests $281,000 in Shell plc (NYSE:SHEL)

Magnolia Capital Advisors LLC purchased a new position in shares of Shell plc (NYSE:SHEL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,891 shares of the energy company’s stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Empyrean Capital Partners LP purchased a new position in shares of Shell during the 2nd quarter valued at $151,578,000. Mondrian Investment Partners LTD lifted its stake in shares of Shell by 83.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after buying an additional 993,342 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Shell by 130.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock valued at $92,132,000 after buying an additional 793,136 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Shell by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after buying an additional 772,736 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after buying an additional 673,624 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Scotiabank reduced their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company reduced their price target on shares of Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Argus lifted their price target 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 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.50.

Shell Stock Performance

Shell stock opened at $65.98 on Tuesday. The company’s 50-day moving average price is $70.35 and its 200-day moving average price is $70.81. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. 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 $206.57 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57.

Shell (NYSE:SHEL) last issued 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 company had revenue of $75.06 billion for the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.50 EPS. On average, equities research analysts forecast that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.17%. Shell’s payout ratio is 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.