Asio Capital LLC Has $3.16 Million Stock Position in Shell plc (NYSE:SHEL)

Asio Capital LLC raised its position in shares of Shell plc (NYSE:SHEL) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,879 shares of the energy company’s stock after acquiring an additional 1,435 shares during the period. Asio Capital LLC’s holdings in Shell were worth $3,158,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the second quarter valued at approximately $26,000. Triad Wealth Partners LLC acquired a new position in Shell in the 2nd quarter valued at $31,000. Beaird Harris Wealth Management LLC lifted its position in shares of Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after acquiring an additional 385 shares during the period. Fairscale Capital LLC bought a new position in shares of Shell in the second quarter worth $33,000. Finally, LRI Investments LLC acquired a new position in Shell in the first quarter valued at about $47,000. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.5 %

NYSE SHEL opened at $68.49 on Friday. The firm has a market capitalization of $214.43 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.57 and a beta of 0.56. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $69.58 and its two-hundred day moving average price is $70.86.

Shell (NYSE:SHEL) last released its quarterly earnings results 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. The firm had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter last year, the firm posted $1.50 EPS. On average, analysts expect that Shell plc will post 8.44 EPS for the current year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.02%. Shell’s payout ratio is 49.11%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Wolfe Research started coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus price target of $82.00.

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.