Marshall Wace LLP Raises Stake in Shell plc (NYSE:SHEL)

Marshall Wace LLP lifted its holdings in Shell plc (NYSE:SHEL) by 147.8% in the second quarter, HoldingsChannel reports. The fund owned 152,146 shares of the energy company’s stock after buying an additional 90,746 shares during the period. Marshall Wace LLP’s holdings in Shell were worth $10,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC purchased a new stake in Shell during the second quarter valued at about $26,000. Triad Wealth Partners LLC purchased a new stake in Shell during the 2nd quarter valued at about $31,000. Beaird Harris Wealth Management LLC grew its position in Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares during the last quarter. Fairscale Capital LLC purchased a new position in Shell in the 2nd quarter worth approximately $33,000. Finally, LRI Investments LLC purchased a new stake in shares of Shell during the first quarter valued at approximately $47,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SHEL shares. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company dropped their target price on shares of Shell from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Friday. Argus boosted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, 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. Two research 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.50.

Shell Trading Up 1.2 %

NYSE SHEL opened at $66.11 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. 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. The stock’s 50 day moving average is $70.35 and its 200 day moving average is $70.73. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period last year, the company posted $1.50 EPS. Research analysts forecast that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Announces Dividend

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

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.