J.P. Morgan Private Wealth Advisors LLC Purchases 10,541 Shares of Shell plc (NYSE:SHEL)

J.P. Morgan Private Wealth Advisors LLC lifted its stake in Shell plc (NYSE:SHELFree Report) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,547 shares of the energy company’s stock after purchasing an additional 10,541 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Shell were worth $7,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of SHEL. McClarren Financial Advisors Inc. purchased a new position in Shell in the 2nd quarter worth about $30,000. ST Germain D J Co. Inc. bought a new stake in shares of Shell during the 2nd quarter valued at about $36,000. Quantbot Technologies LP bought a new stake in shares of Shell during the 3rd quarter valued at about $39,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Shell during the 1st quarter valued at about $41,000. Finally, MCF Advisors LLC grew its stake in shares of Shell by 128.2% during the 3rd quarter. MCF Advisors LLC now owns 712 shares of the energy company’s stock valued at $46,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 9.23% of the company’s stock.

Shell Stock Performance

NYSE:SHEL opened at $63.67 on Wednesday. The stock’s fifty day moving average is $64.12 and its 200 day moving average is $64.14. The firm has a market capitalization of $211.58 billion, a PE ratio of 11.25, a PEG ratio of 2.00 and a beta of 0.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a fifty-two week low of $52.47 and a fifty-two week high of $68.74.

Shell (NYSE:SHELGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same quarter in the prior year, the company earned $2.76 EPS. On average, sell-side analysts anticipate that Shell plc will post 7.88 earnings per share for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, February 16th 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 4.16%. The ex-dividend date is Thursday, February 15th. Shell’s dividend payout ratio (DPR) is 46.82%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SHEL. BNP Paribas downgraded Shell from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 13th. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shell has a consensus rating of “Hold” and a consensus target price of $1,031.33.

Read Our Latest Research Report on Shell

About Shell

(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 necessary to deliver gas to market.

Further Reading

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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