Linden Thomas Advisory Services LLC Boosts Stock Position in Shell plc (NYSE:SHEL)

Linden Thomas Advisory Services LLC boosted its holdings in Shell plc (NYSE:SHEL) by 26.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,635 shares of the energy company’s stock after purchasing an additional 1,392 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Shell were worth $416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Procyon Advisors LLC boosted its position in Shell by 3.2% in the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after purchasing an additional 159 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the period. Doliver Advisors LP raised its stake in shares of Shell by 5.2% in the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after buying an additional 180 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Shell by 2.5% in the third quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after buying an additional 196 shares during the period. Finally, Bridge Creek Capital Management LLC raised its stake in shares of Shell by 0.4% in the fourth quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company’s stock valued at $3,353,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shell stock opened at $65.39 on Monday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The business has a 50-day simple moving average of $64.23 and a 200 day simple moving average of $67.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $199.92 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The firm had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same period in the prior year, the business earned $1.86 EPS. On average, research analysts forecast that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is currently 56.58%.

Analyst Ratings Changes

Several brokerages have issued reports on SHEL. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Wells Fargo & Company decreased their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $79.69.

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.