Allied Investment Advisors LLC Has $11.49 Million Stock Position in Shell plc (NYSE:SHEL)

Allied Investment Advisors LLC raised its holdings in Shell plc (NYSE:SHELFree Report) by 2.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,430 shares of the energy company’s stock after buying an additional 3,714 shares during the quarter. Shell accounts for about 2.8% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 11th largest position. Allied Investment Advisors LLC’s holdings in Shell were worth $11,493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Fisher Asset Management LLC grew its holdings in shares of Shell by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after purchasing an additional 477,432 shares in the last quarter. Morgan Stanley grew its holdings in shares of Shell by 4.3% during the 3rd quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Shell by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after purchasing an additional 143,910 shares in the last quarter. Finally, Mawer Investment Management Ltd. lifted its position in shares of Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after buying an additional 885,069 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Securities raised their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Argus raised their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Wells Fargo & Company cut their target price on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.25.

Check Out Our Latest Stock Report on Shell

Shell Price Performance

SHEL traded down $0.09 during trading on Friday, hitting $69.94. The company’s stock had a trading volume of 3,306,907 shares, compared to its average volume of 3,116,063. The firm’s 50 day moving average price is $71.51 and its two-hundred day moving average price is $67.27. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. Shell plc has a 12 month low of $58.14 and a 12 month high of $74.61. The stock has a market capitalization of $222.39 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.80 and a beta of 0.60.

Shell (NYSE:SHELGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The firm had revenue of $74.70 billion during the quarter, compared to the consensus estimate of $88.03 billion. Sell-side analysts forecast that Shell plc will post 8.37 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be paid a $0.688 dividend. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, May 16th. Shell’s dividend payout ratio (DPR) is 50.74%.

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 to deliver gas to market.

See Also

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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