Shell plc (NYSE:SHEL) Shares Purchased by Creative Planning

Creative Planning raised its holdings in Shell plc (NYSE:SHEL) by 11.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 292,587 shares of the energy company’s stock after purchasing an additional 29,677 shares during the period. Creative Planning’s holdings in Shell were worth $21,119,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the 2nd quarter valued at approximately $26,000. Triad Wealth Partners LLC acquired a new position in shares of Shell in the 2nd quarter valued at approximately $31,000. 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 in the last quarter. Fairscale Capital LLC acquired a new position in shares of Shell in the 2nd quarter valued at approximately $33,000. Finally, LRI Investments LLC acquired a new position in shares of Shell in the 1st quarter valued at approximately $47,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. 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. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company lowered their price objective on Shell from $88.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday. Scotiabank lowered their price objective 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. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Two 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.50.

Shell Trading Down 0.2 %

Shares of Shell stock opened at $65.98 on Tuesday. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The firm has a market cap of $206.57 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. 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 business has a fifty day simple moving average of $70.35 and a 200-day simple moving average of $70.81.

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

Shell Announces Dividend

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