Aptus Capital Advisors LLC Grows Stock Position in Shell plc (NYSE:SHEL)

Aptus Capital Advisors LLC grew its position in shares of Shell plc (NYSE:SHELFree Report) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,940 shares of the energy company’s stock after purchasing an additional 482 shares during the period. Aptus Capital Advisors LLC’s holdings in Shell were worth $254,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SHEL shares. 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 investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,031.33.

Check Out Our Latest Stock Report on Shell

Shell Price Performance

Shares of Shell stock opened at $63.74 on Monday. Shell plc has a one year low of $52.47 and a one year high of $68.74. The stock’s fifty day moving average is $64.00 and its 200 day moving average is $64.16. The stock has a market cap of $207.92 billion, a P/E ratio of 11.26, a P/E/G ratio of 2.02 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 (NYSE:SHELGet Free Report) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The company had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same period last year, the firm earned $2.76 EPS. Sell-side analysts anticipate that Shell plc will post 7.89 earnings per share for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, February 16th will be given a dividend of $0.662 per share. The ex-dividend date is Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.15%. Shell’s payout ratio is 46.82%.

Shell 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 necessary to deliver gas to market.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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