20,897 Shares in Shell plc (NYSE:SHEL) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. purchased a new position in Shell plc (NYSE:SHEL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,897 shares of the energy company’s stock, valued at approximately $1,508,000.

A number of other institutional investors also recently bought and sold shares of the stock. United Community Bank increased its stake in shares of Shell by 4.4% during the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock valued at $222,000 after purchasing an additional 139 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after purchasing an additional 142 shares in the last quarter. Marcum Wealth LLC increased its stake in shares of Shell by 3.7% during the first quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after purchasing an additional 150 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its stake in shares of Shell by 0.6% during the first quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after purchasing an additional 153 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of 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 buying an additional 161 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Trading Down 1.2 %

Shares of SHEL stock opened at $71.66 on Friday. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $72.20 and its 200 day moving average is $70.17. The stock has a market capitalization of $225.47 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.58 and a beta of 0.59.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The business had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same period last year, the firm earned $1.50 earnings per share. Research analysts expect that Shell plc will post 8.58 earnings per share for the current year.

Shell Announces Dividend

The firm also recently declared 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 of this dividend is Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 3.84%. Shell’s payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SHEL. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Scotiabank cut their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wolfe Research began coverage on shares of Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company cut their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

About Shell

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.