Moors & Cabot Inc. Buys 447 Shares of Shell plc (NYSE:SHEL)

Moors & Cabot Inc. grew its stake in Shell plc (NYSE:SHEL) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,950 shares of the energy company’s stock after purchasing an additional 447 shares during the period. Moors & Cabot Inc.’s holdings in Shell were worth $3,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC boosted its holdings in shares of Shell by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 22,823,227 shares of the energy company’s stock worth $1,501,768,000 after acquiring an additional 429,528 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Shell by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after acquiring an additional 96,549 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after acquiring an additional 772,736 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Shell by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after acquiring an additional 143,910 shares in the last quarter. Finally, Westwood Global Investments LLC boosted its holdings in shares of Shell by 4.1% in the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after acquiring an additional 100,379 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on SHEL shares. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research started coverage on Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company decreased their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Scotiabank decreased their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.00.

Shell Stock Up 0.9 %

NYSE:SHEL opened at $68.06 on Tuesday. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $213.08 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.51 and a beta of 0.57. The stock’s fifty day simple moving average is $71.23 and its 200-day simple moving average is $70.56.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the company earned $1.50 EPS. Equities research analysts expect that Shell plc will post 8.61 earnings per share 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 4.04%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s payout ratio is presently 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.