Natixis Advisors LLC Purchases 80,670 Shares of Shell plc (NYSE:SHEL)

Natixis Advisors LLC raised its position in Shell plc (NYSE:SHEL) by 5.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,497,096 shares of the energy company’s stock after buying an additional 80,670 shares during the period. Natixis Advisors LLC’s holdings in Shell were worth $108,061,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SHEL. Mondrian Investment Partners LTD lifted its stake in shares of Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after purchasing an additional 993,342 shares during the period. Mawer Investment Management Ltd. lifted its stake in shares of Shell by 19.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after purchasing an additional 885,069 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Shell by 130.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock valued at $92,132,000 after purchasing an additional 793,136 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after purchasing an additional 772,736 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

Shell stock traded down $0.86 during midday trading on Friday, reaching $71.66. 3,847,106 shares of the company’s stock were exchanged, compared to its average volume of 3,269,185. The stock’s 50-day simple moving average is $72.20 and its 200 day simple moving average is $70.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market cap of $225.47 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.58 and a beta of 0.59. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period last year, the business posted $1.50 earnings per share. On average, analysts expect that Shell plc will post 8.58 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be given a $0.688 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.84%. Shell’s payout ratio is 50.74%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SHEL shares. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Scotiabank dropped their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Berenberg Bank raised Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research began coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Argus lifted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.