Abel Hall LLC Invests $286,000 in Shell plc (NYSE:SHEL)

Abel Hall LLC bought a new stake in shares of Shell plc (NYSE:SHEL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,344 shares of the energy company’s stock, valued at approximately $286,000.

Several other large investors also recently added to or reduced their stakes in SHEL. Quantbot Technologies LP bought a new stake in Shell during the third quarter valued at approximately $39,000. Charles Schwab Investment Management Inc. lifted its holdings in Shell by 64.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 71,977 shares of the energy company’s stock valued at $4,634,000 after purchasing an additional 28,165 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Shell during the third quarter valued at approximately $303,000. Headlands Technologies LLC purchased a new position in Shell during the third quarter valued at approximately $32,000. Finally, Rhumbline Advisers lifted its holdings in Shell by 1.4% during the third quarter. Rhumbline Advisers now owns 27,123 shares of the energy company’s stock valued at $1,746,000 after purchasing an additional 385 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of SHEL stock traded down $0.76 during mid-day trading on Friday, hitting $69.00. The company had a trading volume of 4,109,381 shares, compared to its average volume of 3,183,590. Shell plc has a 52-week low of $58.14 and a 52-week high of $74.61. The stock’s 50 day moving average price is $71.77 and its 200-day moving average price is $67.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The company has a market capitalization of $219.40 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.77 and a beta of 0.60.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. Equities research analysts forecast that Shell plc will post 8.37 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a dividend of $0.688 per share. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.99%. Shell’s dividend payout ratio is presently 50.74%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHEL. TD Securities lifted their price target on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Argus lifted their price target on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company boosted their target price on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Shell Company Profile

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.