Dimensional Fund Advisors LP Purchases 96,549 Shares of Shell plc (NYSE:SHEL)

Dimensional Fund Advisors LP lifted its position in shares of Shell plc (NYSE:SHEL) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,722,317 shares of the energy company’s stock after purchasing an additional 96,549 shares during the period. Shell comprises 0.4% of Dimensional Fund Advisors LP’s investment portfolio, making the stock its 18th largest holding. Dimensional Fund Advisors LP’s holdings in Shell were worth $1,640,082,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHEL. Aveo Capital Partners LLC grew its holdings in shares of Shell by 20.0% during the fourth quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock worth $354,000 after purchasing an additional 896 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Shell by 37.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock valued at $6,495,000 after acquiring an additional 26,729 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Shell in the fourth quarter valued at approximately $355,000. Motco boosted its holdings in Shell by 141.5% in the fourth quarter. Motco now owns 7,830 shares of the energy company’s stock valued at $515,000 after acquiring an additional 4,588 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in Shell by 11.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 10,306 shares of the energy company’s stock valued at $678,000 after acquiring an additional 1,032 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SHEL shares. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Scotiabank cut their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Argus increased their price target on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Two 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 company’s stock. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Price Performance

Shares of NYSE:SHEL opened at $67.45 on Monday. 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 twelve month low of $60.34 and a twelve month high of $74.61. The stock’s 50 day moving average is $71.32 and its 200-day moving average is $70.52. The firm has a market capitalization of $211.17 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.51 and a beta of 0.57.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period in the prior year, the firm earned $1.50 earnings per share. Sell-side analysts forecast that Shell plc will post 8.61 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently declared 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 4.08%. The ex-dividend date is Friday, August 16th. Shell’s 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.