NewEdge Advisors LLC Boosts Stock Position in Shell plc (NYSE:SHEL)

NewEdge Advisors LLC lifted its position in Shell plc (NYSE:SHEL) by 131.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,982 shares of the energy company’s stock after purchasing an additional 46,557 shares during the quarter. NewEdge Advisors LLC’s holdings in Shell were worth $5,917,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new stake in shares of Shell in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new stake in Shell in the second quarter valued at $31,000. Beaird Harris Wealth Management LLC grew its position in Shell by 611.1% during 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 position in shares of Shell during the 2nd quarter valued at about $33,000. Finally, LRI Investments LLC purchased a new stake in shares of Shell in the first quarter worth about $47,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of analyst reports. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank lowered 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. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company lowered their target price on shares of Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. Finally, Argus lifted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Shell Stock Up 1.4 %

SHEL opened at $66.88 on Wednesday. The company has a market cap of $209.39 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The company has a 50-day moving average price of $70.23 and a 200 day moving average price of $70.81. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The business had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter last year, the business posted $1.50 earnings per share. Sell-side analysts expect that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio (DPR) is 50.74%.

About Shell

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.