Shell plc (NYSE:SHEL) is Regency Capital Management Inc. DE’s 8th Largest Position

Regency Capital Management Inc. DE decreased its stake in shares of Shell plc (NYSE:SHEL) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,423 shares of the energy company’s stock after selling 771 shares during the quarter. Shell comprises about 3.9% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 8th biggest holding. Regency Capital Management Inc. DE’s holdings in Shell were worth $7,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of SHEL. CIBC Asset Management Inc purchased a new position in shares of Shell in the fourth quarter worth $2,526,000. Royal London Asset Management Ltd. raised its stake in shares of Shell by 102.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 90,152 shares of the energy company’s stock worth $5,932,000 after purchasing an additional 45,567 shares during the last quarter. Stephens Inc. AR increased its position in Shell by 19.0% during the fourth quarter. Stephens Inc. AR now owns 155,867 shares of the energy company’s stock valued at $10,256,000 after acquiring an additional 24,883 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Shell by 6.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,092,458 shares of the energy company’s stock valued at $137,684,000 after acquiring an additional 126,517 shares during the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in Shell during the fourth quarter valued at $238,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE SHEL traded up $0.05 during mid-day trading on Friday, reaching $68.51. The company’s stock had a trading volume of 4,236,635 shares, compared to its average volume of 4,181,817. 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 firm has a market capitalization of $216.63 billion, a PE ratio of 12.62, a P/E/G 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 stock has a fifty day moving average of $70.00 and a two-hundred day moving average of $70.78.

Shell (NYSE:SHEL) last posted 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 company had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, sell-side analysts anticipate that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.02%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of research reports. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday. Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank cut their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, 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. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

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.