Allied Investment Advisors LLC Buys 1,191 Shares of Shell plc (NYSE:SHEL)

Allied Investment Advisors LLC lifted its stake in shares of Shell plc (NYSE:SHEL) by 0.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 172,293 shares of the energy company’s stock after buying an additional 1,191 shares during the quarter. Shell accounts for 2.3% of Allied Investment Advisors LLC’s portfolio, making the stock its 15th biggest position. Allied Investment Advisors LLC’s holdings in Shell were worth $11,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell in the second quarter valued at approximately $26,000. Triad Wealth Partners LLC purchased a new stake in shares of Shell during the second quarter worth $31,000. Beaird Harris Wealth Management LLC grew its position in shares of Shell by 611.1% in the fourth 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 bought a new stake in shares of Shell during the 2nd quarter valued at $33,000. Finally, LRI Investments LLC bought a new position in Shell in the 1st quarter worth about $47,000. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of Shell stock traded up $0.05 during trading on Friday, hitting $68.51. 4,340,555 shares of the stock traded hands, compared to its average volume of 4,181,918. The firm’s fifty day moving average is $69.93 and its 200-day moving average is $70.80. The stock has a market cap of $216.63 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.53 and a beta of 0.57. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 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 firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same period last year, the firm posted $1.50 earnings per share. Research analysts expect that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.02%. Shell’s dividend payout ratio is currently 50.74%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHEL. Wolfe Research started coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday. Scotiabank lowered their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company reduced their target price on Shell from $88.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.