Webster Bank N. A. Sells 800 Shares of Shell plc (NYSE:SHEL)

Webster Bank N. A. cut its stake in shares of Shell plc (NYSE:SHEL) by 52.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 739 shares of the energy company’s stock after selling 800 shares during the quarter. Webster Bank N. A.’s holdings in Shell were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mondrian Investment Partners LTD lifted its stake in shares of Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after acquiring an additional 993,342 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Shell by 19.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after purchasing an additional 885,069 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Shell by 130.7% during the fourth 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 increased its stake in shares of Shell by 13.0% in 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 period. Finally, Senator Investment Group LP acquired a new stake in Shell during the 1st quarter worth approximately $42,775,000. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.7 %

Shares of SHEL stock traded up $0.53 during trading hours on Friday, hitting $71.88. 4,546,040 shares of the company were exchanged, compared to its average volume of 3,547,944. 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 plc has a fifty-two week low of $60.13 and a fifty-two week high of $74.61. The company has a 50 day simple moving average of $71.48 and a two-hundred day simple moving average of $69.23. The firm has a market cap of $227.29 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.54 and a beta of 0.59.

Shell (NYSE:SHEL) last posted its quarterly 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. The firm 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 period in the previous year, the firm posted $1.50 earnings per share. Equities analysts anticipate that Shell plc will post 8.63 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be paid a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.83%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Wall Street Analyst Weigh In

SHEL has been the subject of several analyst reports. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company decreased their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Finally, TD Securities increased their price objective on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.40.

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.