Greystone Financial Group LLC Buys 1,890 Shares of Shell plc (NYSE:SHEL)

Greystone Financial Group LLC grew its position in Shell plc (NYSE:SHEL) by 9.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,754 shares of the energy company’s stock after purchasing an additional 1,890 shares during the period. Greystone Financial Group LLC’s holdings in Shell were worth $1,570,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC purchased a new position in Shell in the 2nd quarter worth about $26,000. Beaird Harris Wealth Management LLC grew its stake in Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Shell during the 2nd quarter worth $31,000. Fairman Group LLC purchased a new stake in shares of Shell in the 4th quarter worth $45,000. Finally, LRI Investments LLC grew its position in shares of Shell by 3,856.3% during the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after buying an additional 617 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHEL has been the topic of several research reports. Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Argus raised their target price on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Scotiabank decreased their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Stock Performance

Shares of SHEL traded down $1.21 during trading hours on Friday, reaching $66.91. 5,196,362 shares of the company traded hands, compared to its average volume of 4,096,644. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The business has a fifty day moving average price of $72.05 and a 200-day moving average price of $70.29. The stock has a market capitalization of $211.57 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.59 and a beta of 0.57.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The company had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. Equities analysts anticipate that Shell plc will post 8.58 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Friday, August 16th. 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.