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.
其他一些对冲基金和其他机构投资者最近也买卖了Shel的股票。Profund Advisors LLC在第一季度收购了壳牌价值883,000美元的新股。Dixon Hughes Goodman Wealth Advisors LLC在第一季度购买了价值11.4万美元的壳牌新股头寸。多伦多道明银行在第一季度购买了价值20.6万美元的壳牌新股头寸。Qube Research&Technologies Ltd在第一季度购买了价值1,572,000美元的壳牌新股头寸。最后，Bogart Wealth LLC在第一季度购买了价值105.8万美元的壳牌新股头寸。7.65%的股票由机构投资者和对冲基金持有。
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
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 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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