Aaron Wealth Advisors LLC Raises Holdings in Shell plc (NYSE:SHEL)

Aaron Wealth Advisors LLC increased its position in shares of Shell plc (NYSE:SHEL) by 31.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,267 shares of the energy company’s stock after acquiring an additional 3,858 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Shell were worth $1,073,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. United Community Bank grew its stake in Shell by 4.4% during the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after buying an additional 139 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after purchasing an additional 142 shares during the last quarter. Marcum Wealth LLC grew its position in Shell by 3.7% during the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock worth $283,000 after purchasing an additional 150 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its holdings in shares of Shell by 0.6% in the first quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after buying an additional 153 shares during the last quarter. Finally, Procyon Advisors LLC grew its holdings in shares of Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after buying an additional 159 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

SHEL traded down $0.61 during trading on Friday, hitting $66.73. The company’s stock had a trading volume of 658,915 shares, compared to its average volume of 4,153,190. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $207.67 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.58 and a beta of 0.56. The business’s fifty day simple moving average is $69.31 and its 200 day simple moving average is $70.87. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

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. On average, equities research analysts forecast that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.12%. Shell’s dividend payout ratio (DPR) is currently 49.11%.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of research reports. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wolfe Research assumed coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $82.00.

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.