Highline Wealth Partners LLC Takes Position in Shell plc (NYSE:SHEL)

Highline Wealth Partners LLC acquired a new stake in Shell plc (NYSE:SHEL) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,238 shares of the energy company’s stock, valued at approximately $148,000.

Other institutional investors also recently modified their holdings of the company. Hobbs Group Advisors LLC purchased a new stake in shares of Shell in the 2nd quarter worth approximately $26,000. Triad Wealth Partners LLC bought a new stake in Shell during the 2nd quarter valued at about $31,000. Fairscale Capital LLC purchased a new position in Shell in the second quarter worth about $33,000. Fortitude Family Office LLC purchased a new stake in shares of Shell during the third quarter valued at approximately $30,000. Finally, GHP Investment Advisors Inc. raised its holdings in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Trading Down 0.1 %

Shares of Shell stock opened at $65.22 on Wednesday. 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 fifty-two week low of $60.34 and a fifty-two week high of $74.61. The company has a fifty day moving average of $68.37 and a 200 day moving average of $70.61. The company has a market capitalization of $202.97 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.84 and a beta of 0.56.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period in the previous year, the business earned $1.50 earnings per share. On average, sell-side analysts anticipate that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.22%. The ex-dividend date was Friday, August 16th. Shell’s payout ratio is 50.74%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SHEL. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus target price of $82.00.

About Shell

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.