Atlas Capital Advisors LLC Purchases 313 Shares of Shell plc (NYSE:SHEL)

Atlas Capital Advisors LLC grew its position in Shell plc (NYSE:SHEL) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,056 shares of the energy company’s stock after purchasing an additional 313 shares during the period. Atlas Capital Advisors LLC’s holdings in Shell were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Choreo LLC boosted its holdings in shares of Shell by 15.5% in the fourth quarter. Choreo LLC now owns 8,713 shares of the energy company’s stock valued at $573,000 after buying an additional 1,172 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Shell by 1.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 42,847 shares of the energy company’s stock valued at $2,819,000 after purchasing an additional 413 shares during the last quarter. Mission Wealth Management LP lifted its position in shares of Shell by 17.4% in the fourth quarter. Mission Wealth Management LP now owns 21,678 shares of the energy company’s stock worth $1,426,000 after purchasing an additional 3,215 shares in the last quarter. Brighton Jones LLC increased its stake in Shell by 15.9% in the 4th quarter. Brighton Jones LLC now owns 4,872 shares of the energy company’s stock valued at $321,000 after buying an additional 670 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Shell by 20.9% during the 4th quarter. Hexagon Capital Partners LLC now owns 3,162 shares of the energy company’s stock worth $208,000 after buying an additional 546 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of SHEL traded down $0.86 during mid-day trading on Friday, hitting $71.66. 3,847,062 shares of the company’s stock were exchanged, compared to its average volume of 4,083,357. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The firm has a market cap of $226.59 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.60 and a beta of 0.59. The stock’s 50-day simple moving average is $72.20 and its 200-day simple moving average is $70.13. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data 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 firm had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same period in the previous year, the firm earned $1.50 EPS. On average, equities research analysts expect that Shell plc will post 8.63 EPS for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio is currently 50.74%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHEL. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Argus raised their target price on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Scotiabank cut their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Wolfe Research initiated coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, TD Securities upped their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Two equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.00.

Shell 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.