Red Door Wealth Management LLC Raises Stock Holdings in Shell plc (NYSE:SHEL)

Red Door Wealth Management LLC lifted its stake in shares of Shell plc (NYSE:SHELFree Report) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,807 shares of the energy company’s stock after acquiring an additional 561 shares during the quarter. Red Door Wealth Management LLC’s holdings in Shell were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. VisionPoint Advisory Group LLC purchased a new stake in shares of Shell during the third quarter worth about $26,000. Rise Advisors LLC raised its position in shares of Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in Shell by 611.1% during the fourth 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. Finally, Fortis Group Advisors LLC bought a new stake in Shell in the 3rd quarter valued at $32,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE:SHEL opened at $72.18 on Monday. The firm has a market capitalization of $229.51 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.82 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The business has a 50 day simple moving average of $71.51 and a 200-day simple moving average of $67.59. Shell plc has a 1 year low of $58.14 and a 1 year high of $74.61.

Shell (NYSE:SHELGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.87 by $0.51. The company had revenue of $74.70 billion during the quarter, compared to analyst estimates of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. Equities analysts forecast that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 17th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. Shell’s payout ratio is 50.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SHEL shares. TD Securities raised their price objective on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Argus upped their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company cut their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.25.

View Our Latest Stock Report on SHEL

Shell Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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