Plan Group Financial LLC Grows Holdings in Shell plc (NYSE:SHEL)

Plan Group Financial LLC boosted its stake in Shell plc (NYSE:SHELFree Report) by 34.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,901 shares of the energy company’s stock after acquiring an additional 1,000 shares during the period. Plan Group Financial LLC’s holdings in Shell were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Waldron Private Wealth LLC raised its position in Shell by 76.4% in the third quarter. Waldron Private Wealth LLC now owns 7,356 shares of the energy company’s stock worth $485,000 after acquiring an additional 3,187 shares during the period. Eastern Bank bought a new stake in Shell in the third quarter worth about $630,000. Signaturefd LLC raised its position in Shell by 0.9% in the third quarter. Signaturefd LLC now owns 56,076 shares of the energy company’s stock worth $3,698,000 after acquiring an additional 487 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Shell by 25.3% in the third quarter. Sequoia Financial Advisors LLC now owns 45,025 shares of the energy company’s stock valued at $2,969,000 after purchasing an additional 9,094 shares during the period. Finally, U S Global Investors Inc. bought a new stake in shares of Shell in the third quarter valued at approximately $660,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

SHEL stock opened at $66.57 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. Shell plc has a one year low of $60.34 and a one year high of $74.61. The stock has a market cap of $207.18 billion, a PE ratio of 11.97, a P/E/G ratio of 1.55 and a beta of 0.56. The firm has a 50 day simple moving average of $69.00 and a two-hundred day simple moving average of $70.82.

Shell (NYSE:SHELGet Free Report) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the prior year, the company earned $1.50 EPS. On average, analysts predict that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.13%. Shell’s dividend payout ratio is currently 49.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SHEL shares. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $82.00.

Check Out Our Latest Research Report on Shell

Shell Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell plc (NYSE:SHELFree Report).

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.