Shell plc (NYSE:SHEL) Shares Purchased by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its position in Shell plc (NYSE:SHEL) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,991 shares of the energy company’s stock after buying an additional 5,660 shares during the period. Gilman Hill Asset Management LLC’s holdings in Shell were worth $3,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SHEL. Hobbs Group Advisors LLC purchased a new stake in shares of Shell in the 2nd quarter valued at approximately $26,000. Triad Wealth Partners LLC acquired a new stake in Shell during the second quarter worth $31,000. Fairscale Capital LLC acquired a new stake in shares of Shell during the 2nd quarter worth about $33,000. Fairman Group LLC acquired a new stake in shares of Shell during the fourth quarter valued at about $45,000. Finally, LRI Investments LLC lifted its holdings in shares of Shell by 3,856.3% in the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after acquiring an additional 617 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the subject of several research analyst reports. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company lifted their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.00.

Shell Stock Performance

NYSE:SHEL traded down $0.35 during mid-day trading on Friday, reaching $68.49. 2,992,024 shares of the stock were exchanged, compared to its average volume of 4,175,285. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock has a market capitalization of $214.43 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.57 and a beta of 0.56. The company has a 50 day simple moving average of $69.58 and a 200-day simple moving average of $70.89. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

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

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio (DPR) is 49.11%.

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.