Chemistry Wealth Management LLC Has $506,000 Position in Shell plc (NYSE:SHEL)

Chemistry Wealth Management LLC lifted its stake in Shell plc (NYSE:SHEL) by 7.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,548 shares of the energy company’s stock after acquiring an additional 516 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Shell were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Team Hewins LLC bought a new position in shares of Shell in the fourth quarter valued at approximately $769,000. Private Trust Co. NA lifted its position in Shell by 14.7% during the 4th quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock worth $693,000 after acquiring an additional 1,348 shares during the last quarter. Westwood Global Investments LLC boosted its holdings in Shell by 14.4% during the fourth quarter. Westwood Global Investments LLC now owns 2,417,326 shares of the energy company’s stock valued at $159,060,000 after acquiring an additional 304,871 shares during the period. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Shell in the 4th quarter valued at approximately $22,628,000. Finally, Pingora Partners LLC bought a new position in Shell during the fourth quarter worth $1,306,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 1.0 %

SHEL stock traded down $0.69 during midday trading on Wednesday, reaching $70.86. The company’s stock had a trading volume of 4,846,989 shares, compared to its average volume of 4,390,934. The business’s 50-day simple moving average is $71.50 and its 200-day simple moving average is $67.46. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The stock has a market cap of $225.32 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.80 and a beta of 0.60. Shell plc has a 52 week low of $58.14 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The business had revenue of $74.70 billion during the quarter, compared to the consensus estimate of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. As a group, sell-side analysts expect that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were issued a $0.688 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.66. The ex-dividend date was Thursday, May 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.88%. Shell’s payout ratio is 50.74%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company cut their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Argus raised their price objective on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, TD Securities upped their price target on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and an average target price of $69.25.

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.