Shell plc (NYSE:SHEL) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in Shell plc (NYSE:SHEL) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,168 shares of the energy company’s stock after purchasing an additional 301 shares during the quarter. Private Advisor Group LLC’s holdings in Shell were worth $2,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Foster Group Inc. raised its stake in Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after acquiring an additional 162 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Warther Private Wealth LLC increased its position in shares of Shell by 5.5% during the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after purchasing an additional 169 shares in the last quarter. Klingman & Associates LLC boosted its position in shares of Shell by 5.2% in the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after purchasing an additional 170 shares during the period. Finally, RHS Financial LLC grew its stake in Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL stock opened at $66.94 on Wednesday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a 50 day moving average price of $65.09 and a 200 day moving average price of $66.70. The firm has a market capitalization of $203.57 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Sell-side analysts anticipate that Shell plc will post 7.67 EPS for the current 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 issued a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.28%. Shell’s payout ratio is presently 56.97%.

Wall Street Analyst Weigh In

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

About Shell

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.