Shell plc (NYSE:SHEL) Shares Sold by Bokf Na

Bokf Na lessened its holdings in shares of Shell plc (NYSE:SHEL) by 17.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 48,409 shares of the energy company’s stock after selling 10,396 shares during the quarter. Bokf Na’s holdings in Shell were worth $3,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. raised 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 worth $27,000 after buying an additional 283 shares in the last quarter. Beaird Harris Wealth Management LLC boosted 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 purchasing an additional 385 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Shell by 90.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Fairman Group LLC purchased a new position in Shell in the 4th quarter worth about $45,000. Finally, LRI Investments LLC acquired a new position in shares of Shell in the first quarter worth about $47,000. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the topic of several recent analyst reports. Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. TD Securities boosted their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Wells Fargo & Company lowered their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Scotiabank reduced their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Argus raised their price target on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Shell has an average rating of “Moderate Buy” and an average target price of $73.40.

Shell Price Performance

Shares of NYSE:SHEL traded down $0.33 during midday trading on Monday, reaching $71.72. 282,039 shares of the company’s stock were exchanged, compared to its average volume of 4,169,882. The firm has a market capitalization of $226.78 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.64 and a beta of 0.59. The company’s 50 day simple moving average is $71.44 and its two-hundred day simple moving average is $68.61. Shell plc has a 12 month low of $59.51 and a 12 month high of $74.61. 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 issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.51. The firm 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%. Equities research analysts expect that Shell plc will post 8.53 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors 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. This represents a $2.75 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s dividend payout ratio is currently 50.74%.

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.