Stonegate Investment Group LLC Acquires 547 Shares of Shell plc (NYSE:SHEL)

Stonegate Investment Group LLC boosted its holdings in Shell plc (NYSE:SHEL) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,985 shares of the energy company’s stock after purchasing an additional 547 shares during the period. Stonegate Investment Group LLC’s holdings in Shell were worth $790,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC bought a new position in shares of Shell during the second quarter valued at about $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell during the second quarter valued at about $31,000. Fairscale Capital LLC bought a new position in shares of Shell during the second quarter valued at about $33,000. LRI Investments LLC raised its stake in shares of Shell by 3,856.3% during the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after acquiring an additional 617 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Shell during the second quarter valued at about $49,000. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of SHEL opened at $67.05 on Friday. The stock has a market cap of $208.67 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The firm’s 50-day simple moving average is $69.22 and its two-hundred day simple moving average is $70.86.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The firm had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Analysts anticipate that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Friday, August 16th. Shell’s payout ratio is 49.11%.

Analyst Ratings Changes

SHEL has been the topic of several research analyst reports. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company boosted their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus target price of $82.00.

About Shell

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.