Sargent Investment Group LLC Buys Shares of 3,924 Shell plc (NYSE:SHEL)

Sargent Investment Group LLC acquired a new stake in shares of Shell plc (NYSE:SHEL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,924 shares of the energy company’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Community Bank grew its holdings in shares of Shell by 4.4% during the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after buying an additional 139 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after acquiring an additional 142 shares during the last quarter. Marcum Wealth LLC lifted its stake in shares of Shell by 3.7% during the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock worth $283,000 after purchasing an additional 150 shares during the period. Lester Murray Antman dba SimplyRich grew its position in shares of Shell by 0.6% in the first quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after purchasing an additional 153 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Shell by 5.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock valued at $191,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SHEL. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Scotiabank cut their price target 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. Argus upped their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Two equities 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, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Trading Up 0.1 %

NYSE:SHEL opened at $68.15 on Wednesday. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The business’s 50-day moving average is $71.14 and its two-hundred day moving average is $70.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The firm has a market capitalization of $213.36 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period in the previous year, the company posted $1.50 EPS. Research analysts predict that Shell plc will post 8.61 earnings per share for the current fiscal 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 issued 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 4.04%. Shell’s dividend payout ratio is currently 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.