Shell plc (NYSE:SHEL) Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lifted its holdings in shares of Shell plc (NYSE:SHELGet Rating) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,566 shares of the energy company’s stock after buying an additional 2,800 shares during the period. Gilman Hill Asset Management LLC’s holdings in Shell were worth $2,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Financial Co acquired a new stake in Shell during the 1st quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Shell during the 1st quarter valued at $25,000. Exchange Traded Concepts LLC acquired a new stake in Shell during the 1st quarter valued at $26,000. Asset Dedication LLC acquired a new stake in Shell during the 1st quarter valued at $27,000. Finally, Pflug Koory LLC purchased a new position in shares of Shell during the 1st quarter valued at $28,000. 7.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a report on Friday, July 15th. Credit Suisse Group initiated coverage on shares of Shell in a research report on Thursday, June 9th. They issued an “outperform” rating for the company. Royal Bank of Canada increased their price target on shares of Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research report on Friday, July 29th. HSBC dropped their price objective on shares of Shell from GBX 2,700 ($32.62) to GBX 2,550 ($30.81) in a report on Wednesday, July 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Shell from GBX 2,551 ($30.82) to GBX 2,779 ($33.58) in a research note on Wednesday, July 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $2,134.13.

Shell Trading Down 7.6 %

SHEL stock traded down $3.97 during midday trading on Friday, reaching $48.37. The company’s stock had a trading volume of 183,956 shares, compared to its average volume of 5,039,269. Shell plc has a 52 week low of $44.90 and a 52 week high of $61.67. The stock has a market cap of $185.02 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 0.50 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $52.45 and its 200-day simple moving average is $53.91.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. Shell’s payout ratio is presently 21.05%.

Shell Profile

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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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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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