Gemsstock Ltd. Has $17.93 Million Stock Holdings in Shell plc (NYSE:SHEL)

Gemsstock Ltd. trimmed its holdings in Shell plc (NYSE:SHEL) by 1.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 248,424 shares of the energy company’s stock after selling 2,500 shares during the period. Shell comprises approximately 5.7% of Gemsstock Ltd.’s portfolio, making the stock its 7th largest holding. Gemsstock Ltd.’s holdings in Shell were worth $17,931,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hobbs Group Advisors LLC purchased a new position in Shell during the 2nd quarter worth $26,000. Beaird Harris Wealth Management LLC lifted its position in Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares during the period. Triad Wealth Partners LLC purchased a new position in shares of Shell during the 2nd quarter valued at about $31,000. Fairman Group LLC purchased a new position in shares of Shell during the 4th quarter valued at about $45,000. Finally, LRI Investments LLC increased its stake in shares of Shell by 3,856.3% in the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after purchasing an additional 617 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHEL has been the topic of several research analyst reports. Argus lifted their price objective on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Scotiabank cut their target price 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. Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Two investment 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 stock. Based on data from MarketBeat.com, Shell has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Stock Down 1.8 %

SHEL stock traded down $1.21 during trading on Friday, reaching $66.91. The stock had a trading volume of 5,196,362 shares, compared to its average volume of 4,096,644. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. 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 company has a market capitalization of $211.57 billion, a P/E ratio of 12.35, a PEG ratio of 1.59 and a beta of 0.57. The firm has a fifty day moving average price of $72.05 and a 200 day moving average price of $70.29.

Shell (NYSE:SHEL) last issued its earnings results 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 business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter in the prior year, the business posted $1.50 EPS. On average, equities analysts anticipate that Shell plc will post 8.58 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be paid a dividend of $0.688 per share. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.11%. Shell’s dividend payout ratio (DPR) is 50.74%.

Shell Company 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.