Kathmere Capital Management LLC Cuts Stake in Shell plc (NYSE:SHEL)

Kathmere Capital Management LLC decreased its stake in Shell plc (NYSE:SHEL) by 9.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,264 shares of the energy company’s stock after selling 340 shares during the period. Kathmere Capital Management LLC’s holdings in Shell were worth $215,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Team Hewins LLC bought a new stake in Shell in the 4th quarter valued at about $769,000. Lazard Asset Management LLC lifted its stake in shares of Shell by 21.0% during the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock valued at $3,009,000 after buying an additional 7,779 shares in the last quarter. Private Trust Co. NA grew its stake in Shell by 14.7% in the 4th quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock valued at $693,000 after buying an additional 1,348 shares in the last quarter. Westwood Global Investments LLC raised its holdings in Shell by 14.4% during the 4th 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. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Shell in the fourth quarter worth $22,628,000. 28.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SHEL shares. Wells Fargo & Company dropped their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Scotiabank reduced their price objective 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. TD Securities raised their price target on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Argus increased their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.40.

Shell Price Performance

SHEL traded down $1.26 during trading on Friday, reaching $71.68. The stock had a trading volume of 4,216,225 shares, compared to its average volume of 3,190,311. The business has a 50-day moving average of $71.58 and a 200-day moving average of $68.90. Shell plc has a one year low of $59.58 and a one year 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. The stock has a market cap of $226.66 billion, a PE ratio of 13.23, a PEG ratio of 1.66 and a beta of 0.59.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a return on equity of 14.51% and a net margin of 5.97%. During the same period last year, the firm posted $1.50 EPS. As a group, equities research analysts anticipate that Shell plc will post 8.53 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, August 16th. Shell’s payout ratio is presently 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.