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Commonwealth Equity Services LLC Has $16.95 Million Stake in Shell Plc (NYSE:SHEL)

Defense World ·  10/02/2022 22:21

Commonwealth Equity Services LLC boosted its holdings in shares of Shell plc (NYSE:SHEL – Get 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 acquired 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 worth $114,000. Toronto Dominion Bank bought a new position in shares of Shell in the 1st quarter worth $206,000. Qube Research & Technologies Ltd bought a new position in shares of Shell in the 1st quarter worth $1,572,000. Finally, Bogart Wealth LLC bought a new position in shares of Shell in the 1st quarter worth $1,058,000. 7.65% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SHEL shares. HSBC reduced 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 lifted their target price 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 lifted their price target on Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a research note on Friday, July 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $2,134.13.

Shell Price Performance

NYSE:SHEL opened at $49.76 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.39. The stock's 50-day simple moving average is $52.44 and its 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:SHEL – Get Rating) last released its earnings results on Thursday, July 28th. The energy company reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.91 by $0.13. The business had revenue of $103.08 billion for the quarter. Shell had a return on equity of 17.39% and a net margin of 10.70%. As a group, sell-side analysts forecast that Shell plc will post 11.57 EPS 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 a $2.00 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, August 11th. Shell's dividend payout ratio (DPR) is presently 21.05%.

Shell Profile

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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.

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