Oxinas Partners Wealth Management LLC Takes Position in Shell plc (NYSE:SHEL)

Oxinas Partners Wealth Management LLC bought a new stake in Shell plc (NYSE:SHEL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,013 shares of the energy company’s stock, valued at approximately $202,000.

Several other hedge funds have also recently added to or reduced their stakes in SHEL. VisionPoint Advisory Group LLC bought a new position in shares of Shell during the 3rd quarter valued at $26,000. Rise Advisors LLC increased its holdings in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 189 shares during the period. Valley National Advisers Inc. lifted its stake in shares of Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares during the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in Shell in the 3rd quarter worth approximately $32,000. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Argus boosted their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, TD Securities raised their price target on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $69.25.

Shell Stock Up 0.3 %

Shares of NYSE:SHEL traded up $0.19 during trading on Tuesday, reaching $73.06. 3,041,796 shares of the stock traded hands, compared to its average volume of 4,373,382. Shell plc has a 52-week low of $58.14 and a 52-week high of $74.61. The stock has a market cap of $232.31 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.82 and a beta of 0.59. The stock has a 50-day moving average of $71.53 and a two-hundred day moving average of $67.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to analysts’ expectations 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 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 17th were issued a $0.688 dividend. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.77%. Shell’s dividend payout ratio is currently 50.74%.

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.