Sagespring Wealth Partners LLC Purchases 7,007 Shares of Shell plc (NYSE:SHEL)

Sagespring Wealth Partners LLC increased its position in Shell plc (NYSE:SHEL) by 79.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,852 shares of the energy company’s stock after acquiring an additional 7,007 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Shell were worth $1,162,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kennebec Savings Bank bought a new position in Shell in the 1st quarter worth $25,000. CoreFirst Bank & Trust bought a new position in Shell in the 4th quarter worth $28,000. Human Investing LLC bought a new position in Shell in the 4th quarter worth $31,000. Transce3nd LLC bought a new position in Shell in the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new stake in Shell in the 4th quarter worth $36,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. Hsbc Global Res upgraded shares of Shell to a “strong-buy” rating in a research report on Tuesday, May 13th. Sanford C. Bernstein lowered shares of Shell from an “outperform” rating to a “market perform” rating in a research report on Monday. Barclays reiterated an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Finally, Scotiabank decreased their target price on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $78.26.

Shell Trading Down 1.5%

Shares of SHEL stock opened at $71.44 on Tuesday. Shell plc has a 12-month low of $58.55 and a 12-month high of $74.46. The company has a market capitalization of $213.51 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.98 and a beta of 0.39. The firm has a 50-day moving average price of $66.19 and a 200 day moving average price of $66.11. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The firm had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. During the same period last year, the firm posted $2.40 EPS. Research analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell declared that its Board of Directors has authorized a share buyback program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, May 16th. Shell’s dividend payout ratio is presently 65.90%.

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.