WESPAC Advisors LLC Sells 3,240 Shares of Shell plc (NYSE:SHEL)

WESPAC Advisors LLC cut its stake in Shell plc (NYSE:SHEL) by 26.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,817 shares of the energy company’s stock after selling 3,240 shares during the quarter. WESPAC Advisors LLC’s holdings in Shell were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SHEL. Mondrian Investment Partners LTD grew its stake 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 worth $146,675,000 after acquiring an additional 993,342 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of Shell by 19.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after acquiring an additional 885,069 shares during the period. CIBC Private Wealth Group LLC grew its position in Shell by 130.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock valued at $92,132,000 after buying an additional 793,136 shares during the period. Price T Rowe Associates Inc. MD grew its position in Shell by 13.0% during the first 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 buying an additional 772,736 shares during the period. Finally, Raymond James & Associates grew its position in Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after buying an additional 673,624 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of SHEL stock traded down $0.86 during mid-day trading on Friday, hitting $71.66. The company had a trading volume of 3,847,106 shares, compared to its average volume of 4,083,357. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The stock’s 50 day moving average price is $72.20 and its 200-day moving average price is $70.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The company has a market capitalization of $226.59 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.60 and a beta of 0.59.

Shell (NYSE:SHEL) last released its 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 firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Equities research analysts forecast that Shell plc will post 8.63 earnings per share for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders 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 annualized dividend and a yield of 3.84%. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SHEL shares. TD Securities boosted their target price 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. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wolfe Research started coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Argus upped their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Shell currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Shell 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.