YHB Investment Advisors Inc. boosted its holdings in shares of Shell plc (NYSE:SHEL – Free Report) by 24.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,908 shares of the energy company’s stock after buying an additional 13,000 shares during the period. YHB Investment Advisors Inc.’s holdings in Shell were worth $3,980,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the business. Bleakley Financial Group LLC boosted its holdings in shares of Shell by 8.6% during the first quarter. Bleakley Financial Group LLC now owns 96,492 shares of the energy company’s stock worth $5,552,000 after purchasing an additional 7,641 shares during the period. PFG Advisors purchased a new stake in shares of Shell during the second quarter worth $208,000. Element Wealth LLC boosted its position in Shell by 3.5% during the first quarter. Element Wealth LLC now owns 6,657 shares of the energy company’s stock valued at $383,000 after purchasing an additional 223 shares during the last quarter. Commerce Bank increased its position in Shell by 7.7% in the 1st quarter. Commerce Bank now owns 49,723 shares of the energy company’s stock worth $2,861,000 after purchasing an additional 3,563 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in shares of Shell by 15.5% during the 2nd quarter. AE Wealth Management LLC now owns 38,562 shares of the energy company’s stock worth $2,328,000 after purchasing an additional 5,181 shares in the last quarter. 9.23% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada cut their price objective on shares of Shell from 28.00 to 27.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,806.20.
Shell Stock Up 0.2 %
Shares of NYSE SHEL traded up $0.11 during mid-day trading on Wednesday, reaching $66.48. 560,365 shares of the company traded hands, compared to its average volume of 4,886,373. The company’s fifty day moving average is $65.45 and its two-hundred day moving average is $62.23. Shell plc has a fifty-two week low of $52.47 and a fifty-two week high of $68.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.48. The stock has a market cap of $220.92 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.85 and a beta of 0.63.
Shell Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, November 17th will be paid a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, November 16th. Shell’s payout ratio is 31.40%.
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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