Fort Washington Investment Advisors Inc. OH Has $457,000 Stock Holdings in Shell plc (NYSE:SHEL)

Fort Washington Investment Advisors Inc. OH reduced its position in Shell plc (NYSE:SHEL) by 97.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,335 shares of the energy company’s stock after selling 258,166 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Shell were worth $457,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. United Community Bank increased its stake in shares of Shell by 4.4% in the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after buying an additional 139 shares during the period. First Horizon Advisors Inc. boosted its stake in Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after purchasing an additional 142 shares in the last quarter. Marcum Wealth LLC raised its position in Shell by 3.7% in the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock worth $283,000 after buying an additional 150 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its position in Shell by 0.6% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after buying an additional 153 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Shell by 5.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock valued at $191,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Scotiabank decreased their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Argus raised 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 analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Shell Stock Down 1.2 %

NYSE SHEL traded down $0.86 during trading hours on Friday, hitting $71.66. 3,847,062 shares of the company were exchanged, compared to its average volume of 4,083,357. The company has a 50 day moving average of $72.20 and a two-hundred day moving average of $70.13. The firm has a market cap of $226.59 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.60 and a beta of 0.59. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. 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 posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $88.62 billion. During the same period last year, the firm earned $1.50 EPS. Equities research analysts anticipate that Shell plc will post 8.63 earnings per share for the current year.

Shell Announces Dividend

The business also recently announced 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. This represents a $2.75 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s payout ratio is 50.74%.

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.