Shell plc (NYSE:SHEL) Shares Purchased by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE lifted its holdings in Shell plc (NYSE:SHEL) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,194 shares of the energy company’s stock after acquiring an additional 3,420 shares during the quarter. Shell makes up approximately 5.1% of Regency Capital Management Inc. DE’s holdings, making the stock its 5th largest holding. Regency Capital Management Inc. DE’s holdings in Shell were worth $7,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brandes Investment Partners LP lifted its holdings in Shell by 0.7% during the 2nd quarter. Brandes Investment Partners LP now owns 1,447,449 shares of the energy company’s stock worth $104,271,000 after buying an additional 9,609 shares in the last quarter. Kimelman & Baird LLC acquired a new position in shares of Shell in the second quarter valued at approximately $5,065,000. CMG Global Holdings LLC bought a new position in Shell during the 2nd quarter worth about $203,000. Wallace Advisory Group LLC grew its holdings in shares of Shell by 11.3% during the second quarter. Wallace Advisory Group LLC now owns 8,308 shares of the energy company’s stock worth $600,000 after buying an additional 843 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Shell by 131.4% in the second quarter. NewEdge Advisors LLC now owns 81,982 shares of the energy company’s stock valued at $5,917,000 after purchasing an additional 46,557 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shell stock opened at $65.98 on Tuesday. The company has a market capitalization of $206.57 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.60 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 business has a 50 day moving average of $70.35 and a 200-day moving average of $70.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same period in the prior year, the company posted $1.50 earnings per share. On average, equities research analysts predict that Shell plc will post 8.44 earnings per share for the current year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SHEL. Argus lifted their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Scotiabank reduced 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. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

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.