Healthcare of Ontario Pension Plan Trust Fund Buys New Position in Shell plc (NYSE:SHEL)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Shell plc (NYSE:SHEL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,200 shares of the energy company’s stock, valued at approximately $952,000.

A number of other institutional investors have also recently bought and sold shares of SHEL. United Community Bank grew its holdings in shares of Shell by 4.4% during the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock valued at $222,000 after buying an additional 139 shares in the last quarter. Marcum Wealth LLC boosted its stake in shares of Shell by 3.7% during the 1st quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock valued at $283,000 after buying an additional 150 shares during the period. Lester Murray Antman dba SimplyRich grew its stake in shares of Shell by 0.6% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after buying an additional 153 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Shell by 5.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock valued at $191,000 after acquiring an additional 161 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Shell by 4.4% during the first quarter. Summit Trail Advisors LLC now owns 3,918 shares of the energy company’s stock worth $263,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE SHEL opened at $72.09 on Friday. Shell plc has a one year low of $59.51 and a one year high of $74.61. The firm has a market capitalization of $227.95 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.62 and a beta of 0.59. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $71.43 and a 200 day simple moving average of $68.49.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The business had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. Sell-side analysts expect that Shell plc will post 8.53 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 17th were paid a $0.688 dividend. The ex-dividend date was Thursday, May 16th. This is an increase from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.82%. Shell’s payout ratio is currently 50.74%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wolfe Research initiated coverage on shares of Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank dropped their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company lowered their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. TD Securities increased their price objective on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Argus boosted their target price on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.