Shell plc (NYSE:SHEL) Position Decreased by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. trimmed its position in shares of Shell plc (NYSE:SHEL) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 505,522 shares of the energy company’s stock after selling 19,002 shares during the period. Shell comprises about 5.6% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 3rd biggest position. Penn Davis Mcfarland Inc.’s holdings in Shell were worth $36,489,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC increased its stake in Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after purchasing an additional 385 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Shell during the second quarter worth approximately $31,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Shell by 90.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock worth $33,000 after purchasing an additional 235 shares during the period. Fairman Group LLC acquired a new stake in shares of Shell during the fourth quarter worth $45,000. Finally, LRI Investments LLC purchased a new stake in Shell during the 1st quarter worth about $47,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Up 0.9 %

Shares of NYSE SHEL traded up $0.63 during mid-day trading on Monday, reaching $73.31. 1,221,250 shares of the company traded hands, compared to its average volume of 4,141,781. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The stock has a market cap of $230.66 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.61 and a beta of 0.59. The company’s fifty day moving average is $71.74 and its two-hundred day moving average is $69.62. Shell plc has a fifty-two week low of $60.13 and a fifty-two week 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 return on equity of 14.56% and a net margin of 5.97%. The firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the prior year, the company earned $1.50 EPS. On average, analysts expect that Shell plc will post 8.63 earnings per share for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be given a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.75%. Shell’s dividend payout ratio is currently 50.74%.

Analyst Ratings Changes

Several research firms have recently weighed in on SHEL. Wells Fargo & Company reduced their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Scotiabank cut their target price 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. Argus boosted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wolfe Research initiated coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Shell presently has an average rating of “Moderate Buy” and an average price target of $85.00.

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.