Waters Parkerson & CO. LLC Has $1.98 Million Stock Holdings in Shell plc (NYSE:SHEL)

Waters Parkerson & CO. LLC reduced its stake in Shell plc (NYSE:SHEL) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,396 shares of the energy company’s stock after selling 749 shares during the period. Waters Parkerson & CO. LLC’s holdings in Shell were worth $1,977,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Hobbs Group Advisors LLC bought a new position in Shell in the 2nd quarter valued at about $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell during the second quarter worth approximately $31,000. Beaird Harris Wealth Management LLC boosted its stake in Shell by 611.1% in 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 period. LRI Investments LLC acquired a new position in Shell in the 1st quarter valued at $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Shell during the second quarter worth $49,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 1.5 %

Shares of SHEL opened at $69.20 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The firm has a market cap of $216.63 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.53 and a beta of 0.57. The business’s fifty day moving average is $70.97 and its 200-day moving average is $70.56.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Equities analysts anticipate that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s payout ratio is 50.74%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SHEL shares. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Argus boosted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Wolfe Research started coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Scotiabank dropped their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. 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’s stock. Based on data from MarketBeat, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shell 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.