Shell plc (NYSE:SHEL) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in shares of Shell plc (NYSE:SHEL) by 20.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,006 shares of the energy company’s stock after acquiring an additional 10,066 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Shell were worth $4,331,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wambolt & Associates LLC raised its holdings in Shell by 15.0% in the 2nd quarter. Wambolt & Associates LLC now owns 38,587 shares of the energy company’s stock valued at $2,812,000 after buying an additional 5,035 shares during the period. BOKF NA raised its stake in shares of Shell by 8.8% in the 2nd quarter. BOKF NA now owns 52,677 shares of the energy company’s stock valued at $3,802,000 after acquiring an additional 4,268 shares during the period. American Century Companies Inc. lifted its holdings in shares of Shell by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 787,069 shares of the energy company’s stock worth $56,811,000 after acquiring an additional 53,209 shares during the last quarter. LPL Financial LLC increased its holdings in Shell by 8.0% in the 2nd quarter. LPL Financial LLC now owns 743,891 shares of the energy company’s stock valued at $53,694,000 after purchasing an additional 55,297 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its position in Shell by 33.5% in the second quarter. Angeles Wealth Management LLC now owns 4,022 shares of the energy company’s stock valued at $290,000 after purchasing an additional 1,010 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL opened at $67.45 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $71.32 and its 200-day simple moving average is $70.42. The firm has a market capitalization of $213.28 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.50 and a beta of 0.57. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the previous year, the business earned $1.50 EPS. Equities analysts forecast that Shell plc will post 8.61 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed 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 is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.08%. Shell’s dividend payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SHEL. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Argus lifted their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wolfe Research began coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Scotiabank cut their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently 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.