Susquehanna International Securities Ltd. Has $1.02 Million Stock Holdings in Shell plc (NYSE:SHEL)

Susquehanna International Securities Ltd. lowered its holdings in shares of Shell plc (NYSE:SHEL) by 56.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,136 shares of the energy company’s stock after selling 18,137 shares during the quarter. Shell comprises about 0.2% of Susquehanna International Securities Ltd.’s investment portfolio, making the stock its 18th biggest position. Susquehanna International Securities Ltd.’s holdings in Shell were worth $1,020,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of Shell by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 22,823,227 shares of the energy company’s stock valued at $1,501,768,000 after purchasing an additional 429,528 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Shell by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after acquiring an additional 96,549 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Shell by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after purchasing an additional 772,736 shares during the period. Westwood Global Investments LLC lifted its position in shares of Shell by 4.1% during the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after purchasing an additional 100,379 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Shell by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock valued at $162,287,000 after buying an additional 136,139 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SHEL shares. Scotiabank reduced their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Argus raised 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. Wolfe Research assumed coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company lowered their price target on Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Two equities research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.50.

Shell Trading Up 1.2 %

SHEL stock opened at $66.11 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 has a market cap of $206.97 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.60 and a beta of 0.57. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The business’s 50 day moving average is $70.35 and its 200-day moving average is $70.73.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period last year, the business earned $1.50 earnings per share. Equities analysts anticipate that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Friday, August 16th. Shell’s dividend payout ratio (DPR) is currently 50.74%.

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.