Shell plc (NYSE:SHEL) Shares Purchased by Linscomb Wealth Inc.

Linscomb Wealth Inc. raised its holdings in Shell plc (NYSE:SHEL) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,295 shares of the energy company’s stock after purchasing an additional 191 shares during the quarter. Linscomb Wealth Inc.’s holdings in Shell were worth $288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Community Bank boosted its stake in shares of Shell by 4.4% during the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after acquiring an additional 139 shares in the last quarter. Marcum Wealth LLC increased its position in shares of Shell by 3.7% in the first quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after buying an additional 150 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its stake in Shell by 0.6% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after acquiring an additional 153 shares during the period. Jones Financial Companies Lllp lifted its holdings in Shell by 5.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock valued at $191,000 after purchasing an additional 161 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in shares of Shell by 4.4% during the first quarter. Summit Trail Advisors LLC now owns 3,918 shares of the energy company’s stock worth $263,000 after purchasing an additional 166 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Down 0.1 %

SHEL traded down $0.04 during mid-day trading on Friday, hitting $72.05. 2,821,584 shares of the stock were exchanged, compared to its average volume of 2,886,992. The company has a market cap of $227.83 billion, a PE ratio of 13.29, a PEG ratio of 1.64 and a beta of 0.59. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $71.44 and its two-hundred day moving average is $68.54. Shell plc has a 1-year low of $59.51 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The company had revenue of $74.70 billion during the quarter, compared to analysts’ expectations of $88.03 billion. Equities analysts forecast that Shell plc will post 8.53 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.82%. This is a positive change from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analysts Set New Price Targets

Several brokerages recently commented on SHEL. Wells Fargo & Company dropped their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Argus increased their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. TD Securities upped their price target on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Scotiabank reduced their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.40.

Shell 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.