IFG Advisory LLC Takes $217,000 Position in Shell plc (NYSE:SHEL)

IFG Advisory LLC acquired a new stake in shares of Shell plc (NYSE:SHEL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,001 shares of the energy company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell in the second quarter worth $26,000. Beaird Harris Wealth Management LLC increased its position in shares of Shell by 611.1% during the 4th 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 bought a new position in shares of Shell in the 2nd quarter worth approximately $31,000. Fairman Group LLC bought a new stake in Shell during the fourth quarter valued at approximately $45,000. Finally, LRI Investments LLC increased its holdings in Shell by 3,856.3% during the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after buying an additional 617 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE:SHEL opened at $71.66 on Tuesday. The company 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. The business’s 50-day moving average is $72.21 and its 200 day moving average is $70.28. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last announced 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 company had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. On average, equities research analysts forecast that Shell plc will post 8.58 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be paid a dividend of $0.688 per share. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 3.84%. Shell’s payout ratio is currently 50.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SHEL. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research began coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Argus boosted their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Scotiabank cut their target price 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.