Nelson Capital Management LLC Sells 41,610 Shares of Shell plc (NYSE:SHEL)

Nelson Capital Management LLC lessened its holdings in Shell plc (NYSE:SHEL) by 53.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,235 shares of the energy company’s stock after selling 41,610 shares during the period. Nelson Capital Management LLC’s holdings in Shell were worth $2,615,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. United Community Bank grew its holdings in shares of Shell by 4.4% in the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after purchasing an additional 139 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after buying an additional 142 shares in the last quarter. Marcum Wealth LLC boosted its holdings in shares of Shell by 3.7% in the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock worth $283,000 after acquiring an additional 150 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its position in Shell by 0.6% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after acquiring an additional 153 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Shell by 5.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock valued at $191,000 after purchasing an additional 161 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 0.5 %

NYSE SHEL opened at $66.21 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.12 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 company has a market capitalization of $209.36 billion, a PE ratio of 12.22, a P/E/G ratio of 1.49 and a beta of 0.57. The stock has a 50-day simple moving average of $71.70 and a 200 day simple moving average of $70.44.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share 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 business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same quarter last year, the firm earned $1.50 EPS. Research analysts forecast that Shell plc will post 8.54 EPS for the current year.

Shell Announces Dividend

The firm 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 dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, August 16th. Shell’s payout ratio is presently 50.74%.

Analyst Ratings Changes

SHEL has been the topic of several research reports. Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Scotiabank reduced their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Berenberg Bank raised Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Argus raised their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shell 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.