Shell plc (NYSE:SHEL) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,447,379 shares of the energy company’s stock after selling 125,416 shares during the quarter. Mackenzie Financial Corp’s holdings in Shell were worth $104,472,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Hobbs Group Advisors LLC purchased a new position in shares of Shell during the 2nd quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC increased 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 worth $29,000 after purchasing an additional 385 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Shell in the 2nd quarter valued at about $31,000. Fairscale Capital LLC acquired a new position in Shell in the second quarter worth about $33,000. Finally, Fairman Group LLC acquired a new stake in Shell during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE SHEL opened at $66.11 on Friday. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. 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 company’s 50 day simple moving average is $70.35 and its 200 day simple moving average is $70.73. The firm has a market capitalization of $206.97 billion, a PE ratio of 12.20, a P/E/G ratio of 1.60 and a beta of 0.57.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the previous year, the firm earned $1.50 EPS. As a group, equities research analysts forecast that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were given a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.16%. Shell’s dividend payout ratio (DPR) is 50.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank cut their price objective on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Finally, Wells Fargo & Company dropped their price target on shares of Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.50.

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.