GAMMA Investing LLC Buys 412 Shares of Shell plc (NYSE:SHEL)

GAMMA Investing LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,373 shares of the energy company’s stock after acquiring an additional 412 shares during the quarter. GAMMA Investing LLC’s holdings in Shell were worth $316,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SHEL shares. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. TD Securities raised their price target on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Scotiabank reduced their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Wolfe Research initiated coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company cut their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and an average target price of $73.40.

Shell Price Performance

Shares of NYSE:SHEL traded down $1.75 during trading on Monday, hitting $69.93. 4,241,747 shares of the stock were exchanged, compared to its average volume of 4,196,473. The company has a fifty day moving average price of $71.58 and a two-hundred day moving average price of $68.95. The company has a market cap of $221.12 billion, a PE ratio of 13.23, a P/E/G ratio of 1.66 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. Shell plc has a 12-month low of $60.13 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.51%. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. On average, analysts forecast that Shell plc will post 8.53 EPS for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s payout ratio is 50.74%.

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.