Moloney Securities Asset Management LLC Has $217,000 Stock Holdings in Shell plc (NYSE:SHEL)

Moloney Securities Asset Management LLC cut its holdings in Shell plc (NYSE:SHELFree Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,236 shares of the energy company’s stock after selling 277 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Shell were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Schulhoff & Co. Inc. lifted its stake in Shell by 1.9% in the first quarter. Schulhoff & Co. Inc. now owns 10,022 shares of the energy company’s stock valued at $672,000 after acquiring an additional 185 shares during the last quarter. PDS Planning Inc lifted its stake in Shell by 2.0% in the first quarter. PDS Planning Inc now owns 8,714 shares of the energy company’s stock valued at $584,000 after acquiring an additional 174 shares during the last quarter. Argent Advisors Inc. raised its position in shares of Shell by 10.3% in the first quarter. Argent Advisors Inc. now owns 4,059 shares of the energy company’s stock valued at $272,000 after purchasing an additional 378 shares during the period. Pullen Investment Management LLC bought a new position in shares of Shell in the first quarter valued at approximately $482,000. Finally, Resonant Capital Advisors LLC raised its position in shares of Shell by 18.0% in the first quarter. Resonant Capital Advisors LLC now owns 4,838 shares of the energy company’s stock valued at $324,000 after purchasing an additional 739 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the topic of a number of recent analyst reports. Argus lifted their price target on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company dropped their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Finally, TD Securities lifted their price target on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.25.

Check Out Our Latest Report on Shell

Shell Trading Up 0.3 %

Shares of SHEL stock opened at $73.25 on Monday. Shell plc has a 1 year low of $58.14 and a 1 year high of $74.61. The firm’s fifty day simple moving average is $71.52 and its 200 day simple moving average is $67.88. The firm has a market capitalization of $232.92 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.84 and a beta of 0.59. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Shell (NYSE:SHELGet Free Report) last announced its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The business had revenue of $74.70 billion for 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%. As a group, sell-side analysts predict that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 17th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 3.76%. 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%.

About Shell

(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

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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