SG Americas Securities LLC Buys New Position in Shell plc (NYSE:SHEL)

SG Americas Securities LLC bought a new stake in Shell plc (NYSE:SHEL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,834 shares of the energy company’s stock, valued at approximately $121,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SHEL. Brookstone Capital Management raised its stake in Shell by 22.1% in the first quarter. Brookstone Capital Management now owns 13,038 shares of the energy company’s stock valued at $874,000 after purchasing an additional 2,358 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Shell by 10.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 7,759 shares of the energy company’s stock worth $520,000 after acquiring an additional 759 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Shell by 10.4% during the first quarter. Kathmere Capital Management LLC now owns 3,604 shares of the energy company’s stock worth $242,000 after acquiring an additional 340 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Shell during the first quarter worth approximately $206,000. Finally, Founders Financial Securities LLC purchased a new position in shares of Shell during the first quarter worth approximately $733,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Scotiabank cut 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, October 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company raised their target price on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Stock Up 0.7 %

Shares of Shell stock opened at $66.85 on Friday. 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 company’s fifty day simple moving average is $68.62 and its two-hundred day simple moving average is $70.72. The company has a market cap of $211.38 billion, a P/E ratio of 12.33, a PEG ratio of 1.85 and a beta of 0.56. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last released its earnings results 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. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the prior year, the firm earned $1.50 EPS. Research analysts anticipate that Shell plc will post 8.45 EPS for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, August 16th. Shell’s dividend payout ratio is presently 50.74%.

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.