Sax Wealth Advisors LLC Acquires 162 Shares of Shell plc (NYSE:SHEL)

Sax Wealth Advisors LLC grew its stake in shares of Shell plc (NYSE:SHEL) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,086 shares of the energy company’s stock after purchasing an additional 162 shares during the period. Sax Wealth Advisors LLC’s holdings in Shell were worth $295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. lifted its position in Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares in the last quarter. Beaird Harris Wealth Management LLC increased 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 purchasing an additional 385 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Shell by 90.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock worth $33,000 after purchasing an additional 235 shares during the period. LRI Investments LLC bought a new stake in Shell during the first quarter valued at approximately $47,000. Finally, Fairman Group LLC purchased a new stake in Shell during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.7 %

SHEL traded up $0.53 during trading on Friday, reaching $71.88. The company had a trading volume of 4,546,040 shares, compared to its average volume of 3,547,944. 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 plc has a 52 week low of $60.13 and a 52 week high of $74.61. The stock has a market cap of $227.29 billion, a P/E ratio of 13.26, a PEG ratio of 1.54 and a beta of 0.59. The business has a 50 day simple moving average of $71.48 and a 200-day simple moving average of $69.23.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $88.62 billion. During the same quarter last year, the firm earned $1.50 earnings per share. On average, equities analysts anticipate that Shell plc will post 8.63 EPS for the current fiscal year.

Shell Dividend Announcement

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

Analyst Ratings Changes

SHEL has been the subject of a number of analyst reports. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank decreased their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company dropped their price target 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. Wolfe Research began coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, TD Securities upped their target price on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.40.

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.