Shell plc (NYSE:SHEL) Stock Holdings Lifted by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. grew its position in shares of Shell plc (NYSE:SHEL) by 378.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 718 shares of the energy company’s stock after buying an additional 568 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Shell were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell in the 2nd quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC raised its stake in shares of 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 acquiring an additional 385 shares in the last quarter. Fairscale Capital LLC bought a new stake in Shell during the second quarter worth approximately $33,000. Finally, LRI Investments LLC acquired a new position in shares of Shell during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SHEL. Scotiabank lowered their price objective on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company reduced their price objective on Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. Argus upped their price target on shares of Shell from $77.00 to $79.00 and gave the stock 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 report on Monday, August 5th. Finally, Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of “Moderate Buy” and a consensus price target of $83.50.

Shell Trading Up 0.9 %

Shares of NYSE SHEL opened at $68.46 on Friday. The company’s 50 day simple moving average is $70.00 and its 200 day simple moving average is $70.78. The firm has a market capitalization of $216.47 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.53 and a beta of 0.57. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. 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 announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 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 period in the previous year, the firm earned $1.50 earnings per share. On average, analysts predict that Shell plc will post 8.44 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed 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. This represents a $2.75 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Friday, August 16th. Shell’s dividend payout ratio is currently 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.