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

Dimensional Fund Advisors LP lifted its position in Shell plc (NYSE:SHEL) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,722,317 shares of the energy company’s stock after buying an additional 96,549 shares during the quarter. Shell comprises approximately 0.4% of Dimensional Fund Advisors LP’s holdings, making the stock its 18th biggest position. Dimensional Fund Advisors LP owned approximately 0.72% of Shell worth $1,640,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. Hobbs Group Advisors LLC bought a new position in shares of Shell in the second quarter valued at $26,000. Beaird Harris Wealth Management LLC boosted its position in Shell by 611.1% during 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 during the period. Triad Wealth Partners LLC bought a new position in Shell during the second quarter worth $31,000. Fairman Group LLC bought a new position in Shell during the fourth quarter worth $45,000. Finally, LRI Investments LLC boosted its position in Shell by 3,856.3% during the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after purchasing an additional 617 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.7 %

SHEL stock opened at $67.45 on Monday. The company has a market cap of $211.17 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The business has a 50-day simple moving average of $71.32 and a 200 day simple moving average of $70.52. Shell plc has a 52 week low of $60.34 and a 52 week 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.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Sell-side analysts anticipate that Shell plc will post 8.61 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. Shareholders 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 4.08%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s payout ratio is 50.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Argus lifted their price objective on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank reduced their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, Wells Fargo & Company reduced their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.