Commonwealth Equity Services LLC increased its stake in shares of Shell plc (NYSE: SHELL – Get a rating) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,117 shares of the energy company’s stock after purchasing an additional 4,837 shares during the period. Commonwealth Equity Services LLC’s holdings in Shell were worth $16,948,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHEL. Profund Advisors LLC bought a new stake in shares of Shell in the 1st quarter valued at $883,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Shell in the 1st quarter valued at $114,000. Toronto Dominion Bank bought a new position in shares of Shell in the 1st quarter valued at $206,000. Qube Research & Technologies Ltd bought a new position in shares of Shell in the 1st quarter valued at $1,572,000. Finally, Bogart Wealth LLC purchased a new position in shares of Shell in the 1st quarter valued at $1,058,000. 7.65% of shares are owned by institutional investors and hedge funds.
A Wall Street analyst weighs in
Several analysts have recently issued reports on SHEL shares. HSBC cut their price target on Shell from GBX 2,700 ($32.62) to GBX 2,550 ($30.81) in a research report on Wednesday, July 20th. ING Group upgraded Shell from a “hold” rating to a “buy” rating in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Shell from GBX 2,551 ($30.82) to GBX 2,779 ($33.58) in a report on Wednesday, July 6th. Royal Bank of Canada boosted their target price on Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research note on Friday, July 29th. Finally, in a research note on Friday, July 15th, JPMorgan Chase & Co. raised their price target on Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25). Six analysts have rated the stock with a “buy” rating. The company currently has a consensus rating of “Buy” and an average target price of $2,134.13, according to MarketBeat.com.
Shell Price Performance
NYSE: SHELL opened at $49.76 on Friday. The company has a debt-to-equity ratio of 0.40, a gearing ratio of 1.09, and a current ratio of 1.39. The 50 day simple moving average is $52.44 and the 200 day simple moving average is $53.80. The company has a market cap of $190.33 billion, a P/E ratio of 5.24, a P/E/G ratio of 0.47 and a beta of 0.66. Shell plc has a 52 week low of $44.90 and a 52 week high of $61.67.
shell (NYSE: SHELL – Get a rating) last published its earnings results on Thursday, July 28th. The energy company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.13. The company’s revenue for the quarter was $103.08 billion. Shell’s return on equity was 17.39% and its net margin was 10.70%. As a group of sell-side analysts forecast that Shell plc will post 11.57 earnings per share for the current fiscal year.
Shell announces dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Friday, August 12th were given a dividend of $0.50 per share. This represents an annualized dividend of $2.00 and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, August 11th. Shell’s dividend payout ratio (DPR) is currently 21.05%.
Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States and the rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions segments. It is engaged in the exploration and production of crude oil, natural gas and liquid natural gases; sells and transports oil and gas; produces gas-liquid fuel and other products; and manages the upstream and midstream infrastructure needed to deliver gas to market.
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https://www.defenseworld.net/2022/10/02/commonwealth-equity-services-llc-has-16-95-million-stake-in-shell-plc-nyseshel.html Commonwealth Equity Services LLC owns $16.95M worth of Shell plc (NYSE:SHEL)