2 weeks Ago By Defense World Staff
CMG Global Holdings LLC acquired a new stake in Shell plc ( NYSE:SHEL – Free Report ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,818 shares of the energy company’s stock, valued at approximately $203,000. Other institutional investors also recently added to or reduced their stakes in the company.
Hobbs Group Advisors LLC acquired a new position in shares of Shell during the 2nd quarter worth $26,000. Beaird Harris Wealth Management LLC grew its position in Shell by 611.1% during the fourth quarter.
Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after buying an additional 385 shares during the period. Triad Wealth Partners LLC purchased a new position in Shell in the second quarter valued at about $31,000. Fairscale Capital LLC purchased a new stake in shares of Shell during the 2nd quarter worth approximately $33,000.
Finally, Fairman Group LLC acquired a new stake in shares of Shell in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.
Analyst Ratings Changes Several equities analysts recently issued reports on the company. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research started coverage on shares of Shell in a research note on Thursday, July 18th.
They issued a “peer perform” rating on the stock. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their price target on shares of Shell from $88.
00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Scotiabank reduced their target price on Shell from $95.
00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Two equities research 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 stock.
According to data from MarketBeat.com, Shell presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.
Shell Stock Performance Shares of SHEL opened at $66.11 on Monday. Shell plc has a 1 year low of $60.
34 and a 1 year high of $74.61. The company’s 50 day simple moving average is $70.
35 and its 200 day simple moving average is $70.77. The company has a market capitalization of $206.
97 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.60 and a beta of 0.
57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.
12 and a current ratio of 1.41. Shell ( NYSE:SHEL – Get Free Report ) last posted its quarterly earnings data on Thursday, August 1st.
The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.
15. The business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.
62 billion. Shell had a return on equity of 14.56% and a net margin of 5.
97%. During the same quarter last year, the firm earned $1.50 earnings per share.
On average, sell-side analysts predict that Shell plc will post 8.44 EPS for the current year. Shell Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd.
Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th.
This represents a $2.75 annualized dividend and a dividend yield of 4.16%.
Shell’s payout ratio is currently 50.74%. 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. Featured Articles Five stocks we like better than Shell High Dividend REITs: Are They an Ideal Way to Diversify? Watch These 3 Former Short-Squeeze Stocks for a Big Rally Ride Out The Recession With These Dividend Kings Simon Property REIT: A Safe Bet for Growth and Steady Dividends Stock Dividend Cuts Happen Are You Ready? CarMax’s Impressive Rally: What Investors Should Watch Next Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.
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