Richard P Slaughter Associates Inc boosted its position in Shell plc (NYSE:SHEL – Free Report) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 58,646 shares of the energy company’s stock after purchasing an additional 673 shares during the quarter. Shell comprises approximately 1.0% of Richard P Slaughter Associates Inc’s portfolio, making the stock its 18th largest holding. Richard P Slaughter Associates Inc’s holdings in Shell were worth $3,541,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Shell during the 1st quarter worth approximately $25,000. Corrado Advisors LLC acquired a new position in shares of Shell during the 4th quarter worth approximately $30,000. America First Investment Advisors LLC bought a new position in Shell during the first quarter worth $32,000. Venturi Wealth Management LLC acquired a new position in shares of Shell in the first quarter valued at $32,000. Finally, Caldwell Sutter Capital Inc. acquired a new position in shares of Shell in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 9.23% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on SHEL. Royal Bank of Canada decreased their price objective on shares of Shell from 28.00 to 27.00 and set an “outperform” rating on the stock in a report on Friday, August 11th. Piper Sandler decreased their price target on shares of Shell from $75.00 to $67.00 in a research note on Tuesday, June 13th. Finally, Morgan Stanley upgraded shares of Shell from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,992.17.
Shell Trading Down 0.4 %
Shares of Shell stock opened at $65.07 on Friday. The company has a market capitalization of $219.13 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 0.80 and a beta of 0.67. The company has a quick ratio of 1.18, a current ratio of 1.46 and a debt-to-equity ratio of 0.38. Shell plc has a 12-month low of $46.74 and a 12-month high of $65.37. The firm’s 50-day moving average price is $61.85 and its two-hundred day moving average price is $60.38.
Shell (NYSE:SHEL – Get Free Report) last posted 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 company had revenue of $76.02 billion during the quarter. Shell had a return on equity of 17.65% and a net margin of 7.94%. During the same period in the prior year, the business earned $3.04 earnings per share. On average, analysts forecast that Shell plc will post 8.56 earnings per share for the current fiscal year.
Shell Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 11th will be issued a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from Shell’s previous quarterly dividend of $0.58. Shell’s dividend payout ratio (DPR) is 32.40%.
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.
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