Brandes Investment Partners LP Buys 9,609 Shares of Shell plc (NYSE:SHEL)

Brandes Investment Partners LP grew its stake in Shell plc (NYSE:SHEL) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,447,449 shares of the energy company’s stock after buying an additional 9,609 shares during the quarter. Brandes Investment Partners LP’s holdings in Shell were worth $104,271,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC purchased a new position in shares of Shell during the 2nd quarter valued at $26,000. Triad Wealth Partners LLC bought a new stake in Shell during the 2nd quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC boosted its stake in Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the period. Fairscale Capital LLC purchased a new stake in Shell during the 2nd quarter valued at approximately $33,000. Finally, LRI Investments LLC purchased a new position in shares of Shell in the first quarter worth $47,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHEL. Scotiabank reduced their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company decreased their price objective on Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday. Argus boosted their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.50.

Shell Trading Up 1.2 %

SHEL stock opened at $66.11 on Monday. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The stock has a market capitalization of $206.97 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $70.35 and its two-hundred day simple moving average is $70.77.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the prior year, the company posted $1.50 EPS. As a group, analysts anticipate that Shell plc will post 8.44 earnings per share for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio is presently 50.74%.

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.