Bokf Na Lowers Stock Position in Shell plc (NYSE:SHEL)

Bokf Na lowered its position in shares of Shell plc (NYSE:SHEL) by 17.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,409 shares of the energy company’s stock after selling 10,396 shares during the quarter. Bokf Na’s holdings in Shell were worth $3,288,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SHEL. Lazard Asset Management LLC raised its stake in Shell by 21.0% during the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock valued at $3,009,000 after purchasing an additional 7,779 shares during the period. LRI Investments LLC purchased a new position in shares of Shell in the first quarter worth $47,000. Linscomb Wealth Inc. boosted its position in shares of Shell by 4.7% during the first quarter. Linscomb Wealth Inc. now owns 4,295 shares of the energy company’s stock worth $288,000 after acquiring an additional 191 shares during the last quarter. Westwood Global Investments LLC increased its holdings in Shell by 1.2% in the 1st quarter. Westwood Global Investments LLC now owns 2,446,144 shares of the energy company’s stock valued at $163,989,000 after acquiring an additional 28,818 shares during the last quarter. Finally, Huber Capital Management LLC lifted its position in Shell by 15.0% during the first quarter. Huber Capital Management LLC now owns 373,189 shares of the energy company’s stock valued at $25,019,000 after purchasing an additional 48,600 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

SHEL traded down $0.33 on Monday, reaching $71.72. The stock had a trading volume of 282,039 shares, compared to its average volume of 4,169,882. The business’s 50-day moving average price is $71.44 and its two-hundred day moving average price is $68.61. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. Shell plc has a 12-month low of $59.51 and a 12-month high of $74.61. The company has a market cap of $226.78 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 1.64 and a beta of 0.59.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The firm had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Sell-side analysts forecast that Shell plc will post 8.53 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 17th were paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 3.84%. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s dividend payout ratio is 50.74%.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of analyst reports. Argus increased their price target on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company reduced their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Wolfe Research started coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. TD Securities increased their price objective on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Scotiabank cut their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.40.

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.