Sendero Wealth Management LLC Has $1.53 Million Stock Position in Shell plc (NYSE:SHEL)

Sendero Wealth Management LLC boosted its position in Shell plc (NYSE:SHEL) by 9.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 23,220 shares of the energy company’s stock after purchasing an additional 1,915 shares during the period. Sendero Wealth Management LLC’s holdings in Shell were worth $1,531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. United Community Bank increased its stake in Shell by 4.4% during the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after acquiring an additional 139 shares during the period. First Horizon Advisors Inc. raised its position in Shell by 1.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after purchasing an additional 142 shares during the last quarter. Marcum Wealth LLC boosted its holdings in Shell by 3.7% in the first quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after acquiring an additional 150 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its position in Shell by 0.6% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after purchasing an additional 153 shares during the period. Finally, Sax Wealth Advisors LLC lifted its position in shares of Shell by 4.1% in the 2nd quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after purchasing an additional 162 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.7 %

Shares of NYSE:SHEL traded up $0.46 during midday trading on Thursday, hitting $68.68. 1,019,634 shares of the company’s stock were exchanged, compared to its average volume of 4,174,221. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The stock has a 50 day moving average price of $69.72 and a 200-day moving average price of $70.87. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The company has a market cap of $217.17 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.56 and a beta of 0.56.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating 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 firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same quarter last year, the business posted $1.50 EPS. On average, sell-side analysts anticipate that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.01%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analyst Ratings Changes

Several equities analysts recently issued reports on SHEL shares. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday. Wells Fargo & Company upped their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday. Wolfe Research started coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Shell has an average rating of “Moderate Buy” and a consensus target price of $82.00.

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.