Shell plc (NYSE:SHEL) Shares Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lifted its stake in shares of Shell plc (NYSE:SHEL) by 164.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,902 shares of the energy company’s stock after purchasing an additional 6,152 shares during the period. Quotient Wealth Partners LLC’s holdings in Shell were worth $620,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHEL. Entropy Technologies LP purchased a new position in shares of Shell during the fourth quarter worth about $1,023,000. Wilmington Savings Fund Society FSB lifted its stake in Shell by 17.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 45,544 shares of the energy company’s stock valued at $2,853,000 after buying an additional 6,854 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Shell by 1.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 16,325 shares of the energy company’s stock valued at $1,023,000 after purchasing an additional 220 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. grew its position in Shell by 0.7% during the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 331,460 shares of the energy company’s stock worth $20,766,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Seamount Financial Group Inc. acquired a new stake in shares of Shell during the fourth quarter worth about $244,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.4 %

Shares of NYSE:SHEL opened at $65.87 on Monday. The stock’s fifty day simple moving average is $64.29 and its 200-day simple moving average is $67.07. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market capitalization of $201.39 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.98 and a beta of 0.54. 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 posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities research analysts forecast that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.35%. Shell’s dividend payout ratio is 54.78%.

Analyst Ratings Changes

SHEL has been the subject of a number of recent research reports. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Piper Sandler lowered their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company lowered their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. One equities 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, Shell has an average rating of “Buy” and a consensus target price of $79.11.

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.