Farther Finance Advisors LLC Purchases 1,268 Shares of Shell plc (NYSE:SHEL)

Farther Finance Advisors LLC increased its holdings in Shell plc (NYSE:SHEL) by 19.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,950 shares of the energy company’s stock after buying an additional 1,268 shares during the quarter. Farther Finance Advisors LLC’s holdings in Shell were worth $579,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Team Hewins LLC bought a new position in shares of Shell in the fourth quarter worth about $769,000. Lazard Asset Management LLC lifted its holdings in Shell by 21.0% during the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock valued at $3,009,000 after purchasing an additional 7,779 shares in the last quarter. Raymond James & Associates increased its stake in shares of Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Westwood Global Investments LLC raised its position in shares of Shell by 14.4% during the 4th quarter. Westwood Global Investments LLC now owns 2,417,326 shares of the energy company’s stock valued at $159,060,000 after purchasing an additional 304,871 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of Shell during the 4th quarter valued at $22,628,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented 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. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company dropped their target price on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Shell currently has an average rating of “Moderate Buy” and an average target price of $85.00.

Shell Price Performance

Shares of SHEL stock opened at $69.40 on Wednesday. The company has a market cap of $218.36 billion, a P/E ratio of 12.80, a PEG ratio of 1.59 and a beta of 0.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The stock’s 50-day moving average is $72.17 and its 200 day moving average is $70.32. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Research analysts predict that Shell plc will post 8.58 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Friday, August 16th. Shell’s payout ratio is 50.74%.

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.