2 weeks Ago By ABMN Staff
CMG Global Holdings LLC bought a new position in shares of Shell plc ( NYSE:SHEL – Free Report ) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,818 shares of the energy company’s stock, valued at approximately $203,000.
Several other hedge funds have also recently bought and sold shares of the business. Wallace Advisory Group LLC raised its position in Shell by 11.3% in the second quarter.
Wallace Advisory Group LLC now owns 8,308 shares of the energy company’s stock valued at $600,000 after purchasing an additional 843 shares during the period. NewEdge Advisors LLC grew its stake in shares of Shell by 131.4% in the second quarter.
NewEdge Advisors LLC now owns 81,982 shares of the energy company’s stock valued at $5,917,000 after buying an additional 46,557 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Shell by 0.
3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 234,634 shares of the energy company’s stock worth $16,936,000 after acquiring an additional 734 shares in the last quarter.
Magnolia Capital Advisors LLC purchased a new position in Shell in the 2nd quarter worth approximately $281,000. Finally, Creative Planning raised its stake in shares of Shell by 11.3% during the second quarter.
Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after purchasing an additional 29,677 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.
Analysts Set New Price Targets SHEL has been the subject of several analyst reports. Scotiabank decreased their target price on shares of Shell from $95.00 to $90.
00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company lowered their target price on Shell from $88.00 to $84.
00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th.
They set a “peer perform” rating on the stock. Finally, Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock.
Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.50. Shell Price Performance Shares of SHEL opened at $66.
11 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.
12 and a debt-to-equity ratio of 0.35. The firm has a market cap of $206.
97 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.60 and a beta of 0.
57. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.
61. The stock has a 50 day moving average of $70.35 and a 200-day moving average of $70.
77. Shell ( NYSE:SHEL – Get Free Report ) 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 net margin of 5.97% and a return on equity of 14.56%.
The firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion.
During the same quarter in the previous year, the firm earned $1.50 earnings per share. As a group, analysts forecast that Shell plc will post 8.
44 EPS for the current year. Shell Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.
688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.
75 dividend on an annualized basis and a yield of 4.16%. Shell’s payout ratio is currently 50.
74%. Shell 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. Featured Articles Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell plc ( NYSE:SHEL – Free Report ).
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