Shell plc (NYSE:SHEL) Shares Bought by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. boosted its position in shares of Shell plc (NYSE:SHEL) by 2.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 64,385 shares of the energy company’s stock after buying an additional 1,341 shares during the period. YHB Investment Advisors Inc.’s holdings in Shell were worth $4,246,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SHEL. Lazard Asset Management LLC boosted its position in shares of Shell by 21.0% in 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. Creative Planning increased its position in shares of Shell by 11.3% in the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after acquiring an additional 29,677 shares in the last quarter. Raymond James & Associates lifted its position in shares of Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after acquiring an additional 673,624 shares in the last quarter. Foresight Global Investors Inc. acquired a new position in Shell in the 2nd quarter worth approximately $1,472,000. Finally, Norden Group LLC raised its stake in Shell by 2,843.4% during the 1st quarter. Norden Group LLC now owns 170,867 shares of the energy company’s stock valued at $11,455,000 after purchasing an additional 165,062 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of Shell stock opened at $66.53 on Thursday. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. 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 stock has a market capitalization of $207.05 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.55 and a beta of 0.56. The firm has a fifty day moving average of $68.87 and a two-hundred day moving average of $70.79.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. The business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter last year, the firm earned $1.50 EPS. As a group, equities research analysts predict that Shell plc will post 8.45 EPS for the current year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.14%. Shell’s payout ratio is currently 49.11%.

Analyst Ratings Changes

SHEL has been the topic of several research reports. Wolfe Research assumed coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lifted their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $82.00.

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.