Shell plc (NYSE:SHEL) Shares Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK raised its position in Shell plc (NYSE:SHEL) by 34.0% during the third quarter, HoldingsChannel.com reports. The firm owned 7,268 shares of the energy company’s stock after buying an additional 1,846 shares during the quarter. Capital Advisors Inc. OK’s holdings in Shell were worth $479,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hobbs Group Advisors LLC purchased a new stake in Shell during the second quarter worth approximately $26,000. Fortitude Family Office LLC purchased a new stake in Shell during the 3rd quarter worth $30,000. Triad Wealth Partners LLC purchased a new position in Shell in the second quarter valued at about $31,000. Fairscale Capital LLC purchased a new stake in shares of Shell in the second quarter worth about $33,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL opened at $67.49 on Friday. The stock has a market capitalization of $210.04 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. The business’s fifty day moving average price is $68.08 and its 200 day moving average price is $70.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.57% and a net margin of 5.17%. The firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the company posted $1.50 EPS. Equities research analysts forecast that Shell plc will post 8.45 EPS for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is 56.58%.

Analysts Set New Price Targets

A number of research firms have weighed in on SHEL. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wolfe Research started coverage on shares of Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Three investment 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $82.00.

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.