Foundations Investment Advisors LLC Acquires 641 Shares of Shell plc (NYSE:SHEL)

Foundations Investment Advisors LLC grew its stake in shares of Shell plc (NYSE:SHEL) by 18.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,142 shares of the energy company’s stock after acquiring an additional 641 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Shell were worth $273,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hobbs Group Advisors LLC purchased a new stake in Shell during the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new position in Shell in the second quarter worth about $31,000. Fairscale Capital LLC bought a new stake in shares of Shell during the 2nd quarter valued at about $33,000. LRI Investments LLC lifted its stake in shares of Shell by 3,856.3% in the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after purchasing an additional 617 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Shell in the second quarter worth approximately $49,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHEL has been the topic of several analyst reports. Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company boosted their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank reduced their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $82.00.

Shell Price Performance

SHEL stock opened at $66.85 on Friday. The company has a market capitalization of $211.38 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. The company’s fifty day moving average price is $68.62 and its 200-day moving average price is $70.72. Shell plc has a one year low of $60.34 and a one year high of $74.61. 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 released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, equities analysts anticipate that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. Shell’s dividend payout ratio (DPR) is 50.74%.

Shell Company 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.