Creative Planning Buys 13,904 Shares of Shell plc (NYSE:SHEL)

Creative Planning raised its stake in shares of Shell plc (NYSE:SHEL) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,491 shares of the energy company’s stock after buying an additional 13,904 shares during the period. Creative Planning’s holdings in Shell were worth $20,213,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new position in Shell during the second quarter valued at about $26,000. Triad Wealth Partners LLC acquired a new stake in shares of Shell in the second quarter valued at about $31,000. Fairscale Capital LLC acquired a new stake in shares of Shell in the second quarter valued at about $33,000. LRI Investments LLC grew its position in shares of Shell by 3,856.3% in the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after purchasing an additional 617 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Shell in the second quarter valued at about $49,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.4 %

NYSE SHEL opened at $67.04 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $69.22 and its two-hundred day moving average is $70.88. The company has a market capitalization of $208.64 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.58 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 14.56% and a net margin of 5.97%. During the same period in the previous year, the business earned $1.50 earnings per share. Equities analysts forecast that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders 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 4.11%. The ex-dividend date was Friday, August 16th. Shell’s payout ratio is 49.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHEL. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Wolfe Research started coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “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.