Oxbow Advisors LLC Trims Stock Holdings in Shell plc (NYSE:SHEL)

Oxbow Advisors LLC reduced its stake in Shell plc (NYSE:SHEL) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,040 shares of the energy company’s stock after selling 200 shares during the period. Oxbow Advisors LLC’s holdings in Shell were worth $869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aveo Capital Partners LLC lifted its stake in Shell by 20.0% in the 4th quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock worth $354,000 after purchasing an additional 896 shares in the last quarter. Lincoln National Corp grew its position in Shell by 23.4% during the fourth quarter. Lincoln National Corp now owns 14,245 shares of the energy company’s stock worth $937,000 after buying an additional 2,704 shares in the last quarter. Apollon Wealth Management LLC grew its position in Shell by 37.0% during the fourth quarter. Apollon Wealth Management LLC now owns 15,683 shares of the energy company’s stock worth $1,032,000 after buying an additional 4,232 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Shell by 13.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,310 shares of the energy company’s stock valued at $284,000 after acquiring an additional 502 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Shell by 37.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock worth $6,495,000 after purchasing an additional 26,729 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Down 1.8 %

SHEL traded down $1.21 on Friday, hitting $66.91. 5,196,362 shares of the company were exchanged, compared to its average volume of 4,096,644. 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 12 month low of $60.34 and a 12 month high of $74.61. The firm has a fifty day simple moving average of $72.05 and a two-hundred day simple moving average of $70.29. The stock has a market capitalization of $211.57 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.57.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS 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 for the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. Sell-side analysts expect that Shell plc will post 8.58 earnings per share for the current year.

Shell Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on SHEL shares. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Argus increased their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Company cut their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Wolfe Research began coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.