Shell plc (NYSE:SHEL) Shares Sold by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC cut its position in shares of Shell plc (NYSE:SHEL) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,184 shares of the energy company’s stock after selling 900 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Shell were worth $1,581,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Lantz Financial LLC acquired a new stake in shares of Shell during the 2nd quarter valued at $201,000. Matthew Goff Investment Advisor LLC boosted its position in shares of Shell by 9.8% in the second quarter. Matthew Goff Investment Advisor LLC now owns 6,433 shares of the energy company’s stock worth $388,000 after buying an additional 576 shares during the period. Foundry Partners LLC raised its position in Shell by 7.1% during the second quarter. Foundry Partners LLC now owns 393,792 shares of the energy company’s stock valued at $23,777,000 after buying an additional 26,123 shares during the period. Buckley Wealth Management LLC acquired a new stake in Shell during the 2nd quarter worth about $384,000. Finally, Worth Asset Management LLC increased its holdings in shares of Shell by 50.5% in the 2nd quarter. Worth Asset Management LLC now owns 945 shares of the energy company’s stock valued at $57,000 after purchasing an additional 317 shares during the period. 9.23% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL traded up $0.33 during mid-day trading on Tuesday, hitting $65.56. The company’s stock had a trading volume of 826,252 shares, compared to its average volume of 4,619,542. Shell plc has a one year low of $46.74 and a one year high of $65.66. The stock’s 50-day moving average is $62.06 and its two-hundred day moving average is $60.41. The firm has a market capitalization of $220.78 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.46.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, July 27th. The energy company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.09). Shell had a net margin of 7.94% and a return on equity of 17.65%. The firm had revenue of $76.02 billion for the quarter. During the same quarter last year, the company earned $3.04 EPS. As a group, sell-side analysts anticipate that Shell plc will post 8.64 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Friday, August 11th were issued a $0.662 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This is a boost from Shell’s previous quarterly dividend of $0.58. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.04%. Shell’s dividend payout ratio is presently 32.40%.

Analysts Set New Price Targets

SHEL has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on shares of Shell from 28.00 to 27.00 and set an “outperform” rating for the company in a research note on Friday, August 11th. Morgan Stanley raised Shell from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Finally, Piper Sandler lowered their price target on Shell from $75.00 to $67.00 in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,992.17.

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 necessary to deliver gas to market.