Global Retirement Partners LLC Purchases 897 Shares of Shell plc (NYSE:SHEL)

Posted by Defense World Staff on Aug 10th, 2023

Global Retirement Partners LLC boosted its holdings in shares of Shell plc (NYSE:SHEL – Free Report) by 26.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,280 shares of the energy company’s stock after acquiring an additional 897 shares during the period. Global Retirement Partners LLC’s holdings in Shell were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Shell during the first quarter valued at approximately $25,000. Corrado Advisors LLC purchased a new stake in shares of Shell during the fourth quarter worth about $30,000. America First Investment Advisors LLC acquired a new position in shares of Shell during the first quarter valued at about $32,000. Venturi Wealth Management LLC acquired a new stake in Shell in the 1st quarter worth approximately $32,000. Finally, Concord Wealth Partners acquired a new position in Shell during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 8.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHEL shares. Morgan Stanley raised Shell from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, June 21st. Piper Sandler decreased their price objective on shares of Shell from $75.00 to $67.00 in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Shell has a consensus rating of “Hold” and an average target price of $2,385.20.

Get Our Latest Stock Analysis on Shell

Shell Trading Up 1.4 %

Shares of Shell stock opened at $62.53 on Thursday. The stock has a 50 day moving average of $60.38 and a 200 day moving average of $59.92. Shell plc has a fifty-two week low of $46.74 and a fifty-two week high of $63.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.18 and a current ratio of 1.46. The firm has a market capitalization of $217.92 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.76 and a beta of 0.67.

Shell (NYSE:SHEL – Get Free Report) last announced its earnings results on Thursday, July 27th. The energy company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.09). The firm had revenue of $76.02 billion for the quarter. Shell had a net margin of 7.94% and a return on equity of 17.65%. During the same period last year, the business earned $3.04 EPS. As a group, research analysts predict that Shell plc will post 8.63 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 11th will be issued a $0.662 dividend. The ex-dividend date is Thursday, August 10th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.24%. This is an increase from Shell’s previous quarterly dividend of $0.58. Shell’s dividend payout ratio is presently 28.12%.

Shell Profile

(Free Report)

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 necessary to deliver gas to market.