Greystone Financial Group LLC Has $1.57 Million Position in Shell plc (NYSE:SHEL)

Greystone Financial Group LLC increased its position in Shell plc (NYSE:SHEL) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,754 shares of the energy company’s stock after buying an additional 1,890 shares during the quarter. Greystone Financial Group LLC’s holdings in Shell were worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in SHEL. Fisher Asset Management LLC raised its holdings in Shell by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 22,823,227 shares of the energy company’s stock worth $1,501,768,000 after buying an additional 429,528 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 valued at $450,180,000 after acquiring an additional 772,736 shares in the last quarter. Franklin Resources Inc. increased its holdings in Shell by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after purchasing an additional 143,910 shares in the last quarter. Westwood Global Investments LLC raised its stake in shares of Shell by 1.2% in the first quarter. Westwood Global Investments LLC now owns 2,446,144 shares of the energy company’s stock worth $163,989,000 after purchasing an additional 28,818 shares during the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Shell by 83.2% in the first quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after purchasing an additional 993,342 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of Shell stock traded down $1.21 on Friday, hitting $66.91. 5,196,362 shares of the company’s stock were exchanged, compared to its average volume of 4,096,644. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company has a 50-day simple moving average of $72.05 and a 200-day simple moving average of $70.29. The stock has a market capitalization of $211.57 billion, a PE ratio of 12.35, a PEG ratio of 1.59 and a beta of 0.57. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter last year, the company earned $1.50 EPS. As a group, equities analysts anticipate that Shell plc will post 8.58 EPS for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.11%. Shell’s dividend payout ratio is currently 50.74%.

Analyst Ratings Changes

SHEL has been the subject of several analyst reports. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Scotiabank dropped 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. Wolfe Research initiated coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.