Wiley BROS. Aintree Capital LLC Acquires 453 Shares of Shell plc (NYSE:SHEL)

Wiley BROS. Aintree Capital LLC lifted its holdings in shares of Shell plc (NYSE:SHEL) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,855 shares of the energy company’s stock after purchasing an additional 453 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in Shell were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Ieq Capital LLC grew its holdings in shares of Shell by 1.1% during the first quarter. Ieq Capital LLC now owns 16,533 shares of the energy company’s stock worth $951,000 after purchasing an additional 178 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Shell by 0.5% during the first quarter. Advisory Services Network LLC now owns 34,824 shares of the energy company’s stock worth $2,004,000 after purchasing an additional 182 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Shell by 4.1% during the first quarter. Personal CFO Solutions LLC now owns 4,680 shares of the energy company’s stock worth $269,000 after purchasing an additional 183 shares in the last quarter. Summit Global Investments grew its holdings in shares of Shell by 1.3% during the first quarter. Summit Global Investments now owns 14,889 shares of the energy company’s stock worth $857,000 after purchasing an additional 187 shares in the last quarter. Finally, Mission Wealth Management LP grew its holdings in shares of Shell by 1.5% during the first quarter. Mission Wealth Management LP now owns 13,133 shares of the energy company’s stock worth $756,000 after purchasing an additional 190 shares in the last quarter. 9.23% of the stock is currently owned by institutional investors.

Shell Trading Up 1.5 %

Shares of NYSE:SHEL traded up $0.97 during trading on Thursday, reaching $64.90. 2,979,835 shares of the company traded hands, compared to its average volume of 4,619,046. The company has a current ratio of 1.46, a quick ratio of 1.18 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $218.56 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.79 and a beta of 0.67. The business’s fifty day moving average is $61.71 and its 200-day moving average is $60.35. Shell plc has a 52-week low of $46.74 and a 52-week high of $64.98.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, July 27th. The energy company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.09). The business had revenue of $76.02 billion for the quarter. Shell had a net margin of 7.94% and a return on equity of 17.65%. During the same period in the previous year, the company posted $3.04 EPS. As a group, analysts forecast that Shell plc will post 8.56 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 11th will be issued a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from Shell’s previous quarterly dividend of $0.58. Shell’s dividend payout ratio is currently 32.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SHEL. Morgan Stanley raised Shell from an “underweight” rating to an “equal weight” rating in a report on Wednesday, June 21st. Piper Sandler cut their target price on Shell from $75.00 to $67.00 in a research note on Tuesday, June 13th. Finally, Royal Bank of Canada cut their target price on Shell from 28.00 to 27.00 and set an “outperform” rating for the company in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,992.17.

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 necessary to deliver gas to market.