Jamison Private Wealth Management Inc. Sells 680 Shares of Shell plc (NYSE:SHEL)

Jamison Private Wealth Management Inc. decreased its holdings in Shell plc (NYSE:SHEL) by 17.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,243 shares of the energy company’s stock after selling 680 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Shell were worth $234,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Valley National Advisers Inc. raised its stake in Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in shares of Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after purchasing an additional 385 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Shell by 90.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock worth $33,000 after purchasing an additional 235 shares during the period. LRI Investments LLC acquired a new position in Shell in the first quarter valued at approximately $47,000. Finally, Fairman Group LLC acquired a new stake in shares of Shell during the 4th quarter worth approximately $45,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of SHEL remained flat at $71.35 during midday trading on Friday. The stock had a trading volume of 605,401 shares, compared to its average volume of 4,183,902. The business has a 50-day moving average price of $71.50 and a 200-day moving average price of $69.10. The firm has a market capitalization of $225.61 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.59. Shell plc has a 1 year low of $60.13 and a 1 year high of $74.61. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.51%. During the same period in the previous year, the business posted $1.50 EPS. Research analysts forecast that Shell plc will post 8.53 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be paid a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.86%. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Analysts Set New Price Targets

Several research analysts have issued reports on SHEL shares. Wells Fargo & Company cut their price target on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. TD Securities increased their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Wolfe Research started coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.40.

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.