Huber Capital Management LLC Has $25.82 Million Position in Shell plc (NYSE:SHEL)

Huber Capital Management LLC cut its holdings in Shell plc (NYSE:SHEL) by 4.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 357,689 shares of the energy company’s stock after selling 15,500 shares during the period. Shell comprises approximately 5.9% of Huber Capital Management LLC’s holdings, making the stock its 2nd biggest position. Huber Capital Management LLC’s holdings in Shell were worth $25,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Mondrian Investment Partners LTD grew its position in shares of Shell by 83.2% during the first quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock worth $146,675,000 after acquiring an additional 993,342 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Shell by 130.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock worth $92,132,000 after purchasing an additional 793,136 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 valued at $450,180,000 after buying an additional 772,736 shares during the last quarter. Raymond James & Associates boosted its position in shares of Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after buying an additional 673,624 shares during the period. Finally, Senator Investment Group LP acquired a new stake in Shell in the 1st quarter valued at approximately $42,775,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of Shell stock opened at $68.73 on Friday. The stock has a market cap of $215.16 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.53 and a beta of 0.57. Shell plc has a 12 month low of $60.34 and a 12 month 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. The business has a fifty day simple moving average of $70.88 and a 200-day simple moving average of $70.60.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating 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 quarter in the prior year, the company earned $1.50 EPS. On average, sell-side analysts anticipate that Shell plc will post 8.64 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, August 16th. Shell’s dividend payout ratio is currently 50.74%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SHEL shares. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Scotiabank cut their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company dropped their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wolfe Research initiated coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Shell has a consensus rating of “Moderate Buy” and an average target price of $85.00.

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.