Beese Fulmer Investment Management Inc. grew its position in shares of Shell plc (NYSE:SHEL – Free Report) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,394 shares of the energy company’s stock after buying an additional 339 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Shell were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of SHEL. Gradient Investments LLC raised its holdings in Shell by 1.8% in the 2nd quarter. Gradient Investments LLC now owns 9,649 shares of the energy company’s stock worth $583,000 after purchasing an additional 166 shares during the period. Ieq Capital LLC increased its stake in Shell by 1.1% in the 1st quarter. Ieq Capital LLC now owns 16,533 shares of the energy company’s stock worth $951,000 after buying an additional 178 shares in the last quarter. Advisory Services Network LLC increased its stake in Shell by 0.5% in the 1st quarter. Advisory Services Network LLC now owns 34,824 shares of the energy company’s stock worth $2,004,000 after buying an additional 182 shares in the last quarter. Personal CFO Solutions LLC increased its stake in Shell by 4.1% in the 1st quarter. Personal CFO Solutions LLC now owns 4,680 shares of the energy company’s stock worth $269,000 after buying an additional 183 shares in the last quarter. Finally, Summit Global Investments increased its stake in Shell by 1.3% in the 1st quarter. Summit Global Investments now owns 14,889 shares of the energy company’s stock worth $857,000 after buying an additional 187 shares in the last quarter. 9.23% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on Shell from 28.00 to 27.00 and set an “outperform” rating for the company in a research report on Friday, August 11th. Piper Sandler cut their price objective on Shell from $75.00 to $67.00 in a research report on Tuesday, June 13th. Finally, Morgan Stanley upgraded Shell from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Shell has an average rating of “Hold” and an average target price of $1,992.17.
Shell Stock Down 1.1 %
NYSE:SHEL traded down $0.69 during trading hours on Friday, reaching $64.65. The company’s stock had a trading volume of 4,787,592 shares, compared to its average volume of 3,485,411. The company has a market capitalization of $217.72 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. Shell plc has a 12 month low of $46.74 and a 12 month high of $65.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.46. The stock has a 50 day moving average price of $61.95 and a two-hundred day moving average price of $60.41.
Shell (NYSE:SHEL – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The energy company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.09). Shell had a return on equity of 17.65% and a net margin of 7.94%. The business had revenue of $76.02 billion during the quarter. During the same period last year, the business earned $3.04 earnings per share. Equities analysts predict that Shell plc will post 8.64 EPS for the current fiscal year.
Shell Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 11th will be issued a $0.662 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.58. This represents a $2.65 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, August 10th. Shell’s payout ratio is currently 32.40%.
Shell Company Profile
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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