Highlander Capital Management LLC Invests $44,000 in Shell plc (NYSE:SHEL)

Highlander Capital Management LLC purchased a new position in Shell plc (NYSE:SHEL – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 800 shares of the energy company’s stock, valued at approximately $44,000.

Several other large investors have also recently made changes to their positions in SHEL. Kozak & Associates Inc. acquired a new position in Shell during the 4th quarter valued at about $569,000. Park National Corp OH acquired a new position in shares of Shell in the first quarter valued at about $1,721,000. Private Asset Management Inc. acquired a new position in shares of Shell in the first quarter valued at about $316,000. Confluence Investment Management LLC acquired a new position in shares of Shell in the first quarter valued at about $905,000. Finally, M&R Capital Management Inc. acquired a new position in shares of Shell in the first quarter valued at about $101,000. 11.72% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of SHEL stock opened at $51.89 on Friday. The company has a market capitalization of $198.48 billion, a P/E ratio of 5.46, a P/E/G ratio of 0.50 and a beta of 0.68. The business’s 50 day moving average is $52.55 and its two-hundred day moving average is $53.65. The company has a current ratio of 1.39, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. Shell plc has a 12-month low of $44.90 and a 12-month high of $61.67.

Shell (NYSE:SHEL – Get Rating) last released its earnings results on Thursday, May 5th. The energy company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.26. The business 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%. Analysts expect that Shell plc will post 11.21 EPS for the current fiscal year.

Shell Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SHEL. UBS Group increased their price objective on Shell from GBX 2,450 ($30.02) to GBX 2,550 ($31.25) in a report on Friday, May 6th. HSBC lowered their target price on Shell from GBX 2,700 ($33.08) to GBX 2,550 ($31.25) in a research note on Wednesday, July 20th. Morgan Stanley upped their target price on Shell from GBX 2,570 ($31.49) to GBX 2,860 ($35.04) in a research note on Wednesday, May 11th. Royal Bank of Canada upped their target price on Shell from GBX 3,100 ($37.99) to GBX 3,200 ($39.21) in a research note on Friday, July 29th. Finally, Credit Suisse Group started coverage on Shell in a research note on Thursday, June 9th. They issued an “outperform” rating on the stock. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.