Davidson Kempner Capital Management LP Trims Holdings in Shell plc (NYSE:SHEL)

Davidson Kempner Capital Management LP reduced its holdings in shares of Shell plc (NYSE:SHEL) by 41.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,333 shares of the energy company’s stock after selling 144,713 shares during the quarter. Davidson Kempner Capital Management LP’s holdings in Shell were worth $14,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC purchased a new position in shares of Shell during the 2nd quarter valued at approximately $26,000. Beaird Harris Wealth Management LLC raised its position in shares of Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after acquiring an additional 385 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of Shell during the 2nd quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of Shell during the 2nd quarter valued at approximately $33,000. Finally, Fairman Group LLC acquired a new stake in shares of Shell during the 4th quarter valued at approximately $45,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SHEL shares. Argus upped their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Scotiabank dropped their price target 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 dropped their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Trading Down 0.7 %

NYSE:SHEL opened at $68.72 on Monday. The business has a fifty day moving average of $70.88 and a 200-day moving average of $70.71. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock has a market cap of $215.15 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 1.53 and a beta of 0.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share 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 analysts’ expectations of $88.62 billion. During the same quarter last year, the business posted $1.50 earnings per share. Equities analysts predict that Shell plc will post 8.64 earnings per share for the current year.

Shell Announces Dividend

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

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.