Sargent Investment Group LLC Buys Shares of 3,924 Shell plc (NYSE:SHEL)

Sargent Investment Group LLC purchased a new position in Shell plc (NYSE:SHEL) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,924 shares of the energy company’s stock, valued at approximately $283,000.

A number of other large investors have also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the 2nd quarter valued at about $26,000. Beaird Harris Wealth Management LLC raised its stake in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Shell in the 2nd quarter worth approximately $31,000. Fairman Group LLC bought a new stake in shares of Shell in the 4th quarter valued at approximately $45,000. Finally, LRI Investments LLC lifted its stake in Shell by 3,856.3% during the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after purchasing an additional 617 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Up 0.1 %

NYSE:SHEL opened at $68.15 on Wednesday. The stock has a market cap of $213.36 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The business has a fifty day moving average of $71.14 and a 200-day moving average of $70.59.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to analysts’ expectations 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 company earned $1.50 EPS. Equities analysts predict that Shell plc will post 8.61 earnings per share for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be paid a dividend of $0.688 per share. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.04%. Shell’s dividend payout ratio is currently 50.74%.

Analyst Ratings Changes

SHEL has been the topic of a number of research reports. Scotiabank dropped their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Wolfe Research started coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their target price on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Argus boosted their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Two investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.00.

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.