Susquehanna International Group Ltd. Sells 53,045 Shares of Shell plc (NYSE:SHEL)

Susquehanna International Group Ltd. lowered its holdings in Shell plc (NYSE:SHEL) by 82.7% in the second quarter, HoldingsChannel.com reports. The firm owned 11,061 shares of the energy company’s stock after selling 53,045 shares during the quarter. Susquehanna International Group Ltd.’s holdings in Shell were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SHEL. Beaird Harris Wealth Management LLC lifted its holdings in shares of Shell by 81.5% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 715 shares of the energy company’s stock worth $52,000 after acquiring an additional 321 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Shell by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,165 shares of the energy company’s stock worth $1,239,000 after acquiring an additional 337 shares during the period. Daymark Wealth Partners LLC lifted its holdings in shares of Shell by 574.9% during the 2nd quarter. Daymark Wealth Partners LLC now owns 21,002 shares of the energy company’s stock worth $1,516,000 after acquiring an additional 17,890 shares during the period. Empyrean Capital Partners LP bought a new stake in shares of Shell during the 2nd quarter worth approximately $151,578,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Shell by 42.7% during the 2nd quarter. AQR Capital Management LLC now owns 21,701 shares of the energy company’s stock worth $1,566,000 after acquiring an additional 6,495 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.2 %

Shares of NYSE SHEL opened at $66.11 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The firm has a 50 day moving average price of $70.35 and a two-hundred day moving average price of $70.73. The stock has a market cap of $206.97 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57.

Shell (NYSE:SHEL) last posted 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. Shell had a net margin of 5.97% and a return on equity of 14.56%. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same period in the prior year, the company posted $1.50 earnings per share. As a group, equities analysts forecast that Shell plc will post 8.44 EPS for the current year.

Shell Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank lowered their price objective on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. 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 set a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased their price target on shares of Shell from $88.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday. Two 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 stock. According to MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and an average price target of $83.50.

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.