Gateway Wealth Partners LLC Has $311,000 Stock Holdings in Shell plc (NYSE:SHEL)

Gateway Wealth Partners LLC decreased its position in shares of Shell plc (NYSE:SHEL) by 7.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,310 shares of the energy company’s stock after selling 349 shares during the period. Gateway Wealth Partners LLC’s holdings in Shell were worth $311,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in shares of Shell by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 22,823,227 shares of the energy company’s stock worth $1,501,768,000 after buying an additional 429,528 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Shell by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after buying an additional 96,549 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Shell by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after buying an additional 772,736 shares in the last quarter. Westwood Global Investments LLC increased its holdings in shares of Shell by 4.1% during the second quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after buying an additional 100,379 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Shell by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock worth $162,287,000 after buying an additional 136,139 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research reports. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Argus raised their price target on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company lowered their price target on shares of Shell from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wolfe Research initiated coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Two equities 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

Shell Price Performance

Shares of SHEL stock opened at $65.98 on Tuesday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The stock has a market cap of $206.57 billion, a PE ratio of 12.17, a PEG ratio of 1.60 and a beta of 0.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm’s 50 day moving average price is $70.35 and its two-hundred day moving average price is $70.81.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same quarter in the previous year, the business earned $1.50 EPS. As a group, analysts forecast that Shell plc will post 8.44 EPS for the current year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Friday, August 16th. Shell’s payout ratio 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.