Inscription Capital LLC Has $1.40 Million Holdings in Shell plc (NYSE:SHEL)

Inscription Capital LLC lifted its holdings in Shell plc (NYSE:SHEL) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,249 shares of the energy company’s stock after acquiring an additional 726 shares during the period. Inscription Capital LLC’s holdings in Shell were worth $1,401,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SHEL. Hedges Asset Management LLC lifted its position in Shell by 3.6% during the third quarter. Hedges Asset Management LLC now owns 72,350 shares of the energy company’s stock worth $4,771,000 after purchasing an additional 2,500 shares during the period. Modera Wealth Management LLC lifted its position in Shell by 8.5% during the third quarter. Modera Wealth Management LLC now owns 6,123 shares of the energy company’s stock worth $404,000 after purchasing an additional 482 shares during the period. GHP Investment Advisors Inc. lifted its position in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the period. NorthCrest Asset Manangement LLC lifted its position in Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares during the period. Finally, BKM Wealth Management LLC lifted its position in Shell by 13.1% during the third quarter. BKM Wealth Management LLC now owns 9,421 shares of the energy company’s stock worth $621,000 after purchasing an additional 1,093 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHEL shares. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Down 1.9 %

NYSE:SHEL traded down $1.26 during mid-day trading on Monday, hitting $65.59. 776,122 shares of the company’s stock were exchanged, compared to its average volume of 4,119,454. The company has a 50 day simple moving average of $68.62 and a 200-day simple moving average of $70.71. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The firm has a market capitalization of $204.13 billion, a P/E ratio of 11.71, a PEG ratio of 1.84 and a beta of 0.56.

Shell (NYSE:SHEL) last released its quarterly earnings results 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 analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter last year, the business earned $1.50 EPS. As a group, research analysts expect that Shell plc will post 8.45 earnings per share for the current year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.20%. Shell’s dividend payout ratio is currently 49.11%.

Shell Company Profile

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.