Mount Yale Investment Advisors LLC Boosts Holdings in Shell plc (NYSE:SHEL)

Mount Yale Investment Advisors LLC raised its holdings in shares of Shell plc (NYSE:SHEL) by 154.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,512 shares of the energy company’s stock after purchasing an additional 19,721 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Shell were worth $2,347,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hobbs Group Advisors LLC purchased a new stake in Shell in the second quarter valued at about $26,000. Beaird Harris Wealth Management LLC raised its position in shares of 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 last quarter. Triad Wealth Partners LLC acquired a new stake in Shell in the 2nd quarter worth approximately $31,000. Fairman Group LLC acquired a new position in Shell during the 4th quarter valued at approximately $45,000. Finally, LRI Investments LLC raised its holdings in shares of Shell by 3,856.3% in the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $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.

Analyst Ratings Changes

SHEL has been the topic of several research reports. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Argus increased their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Scotiabank decreased their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Wolfe Research started coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Stock Performance

SHEL opened at $68.72 on Friday. The stock has a market cap of $215.15 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.53 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 firm has a fifty day moving average price of $70.88 and a 200 day moving average price of $70.66. 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 earnings per share (EPS) 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 analyst estimates of $88.62 billion. During the same period in the prior year, the company posted $1.50 EPS. Equities research analysts anticipate that Shell plc will post 8.64 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend 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.