Oxinas Partners Wealth Management LLC Makes New $202,000 Investment in Shell plc (NYSE:SHEL)

Oxinas Partners Wealth Management LLC bought a new stake in shares of Shell plc (NYSE:SHEL) in the 1st quarter, HoldingsChannel.com reports. The fund bought 3,013 shares of the energy company’s stock, valued at approximately $202,000.

Other large investors have also recently made changes to their positions in the company. Marcum Wealth LLC increased its position in shares of Shell by 3.7% in the first quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after buying an additional 150 shares in the last quarter. Jones Financial Companies Lllp raised its position in Shell by 5.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock worth $191,000 after acquiring an additional 161 shares during the period. SteelPeak Wealth LLC lifted its holdings in Shell by 2.5% during the first quarter. SteelPeak Wealth LLC now owns 6,815 shares of the energy company’s stock valued at $457,000 after purchasing an additional 167 shares in the last quarter. Founders Capital Management lifted its stake in Shell by 25.4% in the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after buying an additional 168 shares in the last quarter. Finally, Abacus Planning Group Inc. boosted its holdings in Shell by 3.5% in the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock worth $329,000 after buying an additional 169 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on SHEL shares. Argus raised their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. TD Securities upped their price objective on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company decreased their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

Shell Trading Up 0.3 %

Shell stock traded up $0.19 during midday trading on Tuesday, hitting $73.06. 3,041,796 shares of the stock were exchanged, compared to its average volume of 4,373,382. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $232.31 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.82 and a beta of 0.59. The stock’s 50-day simple moving average is $71.53 and its 200 day simple moving average is $67.71. Shell plc has a fifty-two week low of $58.14 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.87 by $0.51. The firm had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. On average, equities analysts anticipate that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.77%. This is an increase 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 (DPR) is presently 50.74%.

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.