Wedmont Private Capital Purchases Shares of 4,447 Shell plc (NYSE:SHEL)

Wedmont Private Capital acquired a new stake in Shell plc (NYSE:SHELGet Rating) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,447 shares of the energy company’s stock, valued at approximately $233,000.

Other institutional investors have also recently made changes to their positions in the company. Profund Advisors LLC acquired a new position in shares of Shell in the first quarter valued at approximately $883,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Shell in the first quarter worth approximately $114,000. Toronto Dominion Bank purchased a new position in Shell in the first quarter worth approximately $206,000. Qube Research & Technologies Ltd purchased a new position in Shell in the first quarter worth approximately $1,572,000. Finally, Bogart Wealth LLC purchased a new position in Shell in the first quarter worth approximately $1,058,000. Institutional investors and hedge funds own 7.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SHEL shares. JPMorgan Chase & Co. lifted their price target on shares of Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a research note on Friday, July 15th. ING Group upgraded shares of Shell from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th. Royal Bank of Canada boosted their price objective on shares of Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research report on Friday, July 29th. Credit Suisse Group initiated coverage on shares of Shell in a research report on Thursday, June 9th. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Shell from GBX 2,551 ($30.82) to GBX 2,779 ($33.58) in a research report on Wednesday, July 6th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Shell has an average rating of “Buy” and an average price target of $2,134.13.

Shell Stock Performance

Shares of Shell stock opened at $52.85 on Wednesday. The firm’s fifty day simple moving average is $52.23 and its 200-day simple moving average is $53.91. The stock has a market capitalization of $202.15 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.50 and a beta of 0.66. Shell plc has a 12 month low of $44.90 and a 12 month high of $61.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.09.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.78%. Shell’s payout ratio is 21.05%.

Shell Profile

(Get Rating)

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 necessary to deliver gas to market.

See Also

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.