Arete Wealth Advisors LLC Invests $413,000 in Shell plc (NYSE:SHEL)

Arete Wealth Advisors LLC acquired a new position in Shell plc (NYSE:SHEL – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,520 shares of the energy company’s stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fisher Asset Management LLC purchased a new stake in shares of Shell in the first quarter worth $1,076,420,000. Pendal Group Ltd purchased a new stake in shares of Shell in the first quarter worth $228,638,000. Pzena Investment Management LLC purchased a new stake in shares of Shell in the first quarter worth $181,177,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Shell in the first quarter worth $116,959,000. Finally, Todd Asset Management LLC purchased a new stake in Shell during the first quarter valued at about $82,722,000. Hedge funds and other institutional investors own 11.72% of the company’s stock.

Shell Stock Up 1.6 %

NYSE SHEL opened at $51.89 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.09. The stock has a market capitalization of $198.48 billion, a PE ratio of 5.46, a PEG ratio of 0.51 and a beta of 0.68. Shell plc has a 1 year low of $44.90 and a 1 year high of $61.67. The business’s 50-day moving average is $52.55 and its 200 day moving average is $53.65.

Shell (NYSE:SHEL – Get Rating) last posted its earnings results on Thursday, May 5th. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.26. The company had revenue of $83.16 billion for the quarter. Shell had a return on equity of 17.39% and a net margin of 10.70%. Sell-side analysts forecast that Shell plc will post 11.21 earnings per share for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.00 annualized dividend and a yield of 3.85%. Shell’s payout ratio is 21.05%.

Analyst Ratings Changes

SHEL has been the topic of a number of research reports. ING Group upgraded Shell from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th. Credit Suisse Group initiated coverage on Shell in a research report on Thursday, June 9th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price target on Shell from GBX 2,850 ($34.92) to GBX 3,000 ($36.76) in a research report on Friday, July 15th. UBS Group raised their price target on Shell from GBX 2,450 ($30.02) to GBX 2,550 ($31.25) in a research report on Friday, May 6th. Finally, Morgan Stanley lifted their price objective on Shell from GBX 2,570 ($31.49) to GBX 2,860 ($35.04) in a report on Wednesday, May 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $2,134.13.

About Shell

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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 necessary to deliver gas to market.