First Trust Direct Indexing L.P. Purchases 15,013 Shares of Shell plc (NYSE:SHEL)

First Trust Direct Indexing L.P. grew its holdings in shares of Shell plc (NYSE:SHEL) by 27.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 70,396 shares of the energy company’s stock after purchasing an additional 15,013 shares during the period. First Trust Direct Indexing L.P.’s holdings in Shell were worth $4,632,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Brookstone Capital Management increased its stake in Shell by 150.5% in the third quarter. Brookstone Capital Management now owns 10,743 shares of the energy company’s stock valued at $732,000 after purchasing an additional 6,455 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Shell by 8.8% during the third quarter. Commonwealth Equity Services LLC now owns 333,583 shares of the energy company’s stock worth $21,476,000 after acquiring an additional 26,960 shares in the last quarter. RMR Wealth Builders bought a new stake in shares of Shell during the third quarter worth about $213,000. First Pacific Financial bought a new stake in shares of Shell during the third quarter worth about $92,000. Finally, Mission Wealth Management LP increased its position in shares of Shell by 19.9% during the third quarter. Mission Wealth Management LP now owns 18,463 shares of the energy company’s stock worth $1,189,000 after acquiring an additional 3,068 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Shell Stock Down 1.0 %

Shell stock traded down $0.71 during midday trading on Wednesday, hitting $70.95. 4,956,817 shares of the stock were exchanged, compared to its average volume of 4,706,309. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The stock has a market capitalization of $228.29 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.62. The business’s 50-day moving average price is $67.97 and its 200-day moving average price is $65.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. The firm had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period in the previous year, the company earned $2.76 earnings per share. On average, research analysts expect that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is currently 48.59%.

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.