DRW Securities LLC Buys Shares of 39,000 Shell plc (NYSE:SHEL)

DRW Securities LLC acquired a new stake in Shell plc (NYSE:SHEL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,000 shares of the energy company’s stock, valued at approximately $2,816,000.

Several other institutional investors and hedge funds have also modified their holdings of SHEL. Hobbs Group Advisors LLC acquired a new stake in Shell in the 2nd quarter worth about $26,000. Beaird Harris Wealth Management LLC boosted 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 worth $29,000 after acquiring an additional 385 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Shell in the second quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new position in Shell during the second quarter worth approximately $33,000. Finally, Fairman Group LLC acquired a new position in shares of Shell in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE SHEL opened at $68.72 on Friday. The business has a 50 day moving average price of $70.88 and a two-hundred day moving average price of $70.66. 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 $215.15 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.53 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.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The business 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 firm earned $1.50 earnings per share. Sell-side analysts expect that Shell plc will post 8.64 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be paid a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.00%. Shell’s dividend payout ratio (DPR) is 50.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SHEL shares. Wells Fargo & Company lowered their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Wolfe Research began coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank lowered their price objective on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, Argus boosted their target price on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.00.

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.