Keating Investment Counselors Inc. Buys 1,200 Shares of Shell plc (NYSE:SHEL)

Keating Investment Counselors Inc. grew its position in Shell plc (NYSE:SHEL) by 26.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,800 shares of the energy company’s stock after purchasing an additional 1,200 shares during the quarter. Keating Investment Counselors Inc.’s holdings in Shell were worth $419,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SHEL. Mondrian Investment Partners LTD grew its position in shares of Shell by 83.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock worth $146,675,000 after purchasing an additional 993,342 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Shell by 130.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock worth $92,132,000 after acquiring an additional 793,136 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Shell by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after acquiring an additional 772,736 shares during the period. Raymond James & Associates grew its holdings in shares of Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Finally, Senator Investment Group LP acquired a new position in Shell in the first quarter valued at about $42,775,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Argus raised their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Scotiabank dropped their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Shell Trading Down 1.8 %

SHEL opened at $66.91 on Friday. The stock has a market cap 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. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The company has a fifty day moving average of $71.95 and a 200-day moving average of $70.36.

Shell (NYSE:SHEL) last released 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. The business had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter last year, the firm posted $1.50 earnings per share. On average, sell-side analysts predict that Shell plc will post 8.58 EPS for the current year.

Shell Announces Dividend

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

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.