Empirical Asset Management LLC Invests $2.94 Million in Shell plc (NYSE:SHEL)

Empirical Asset Management LLC purchased a new stake in Shell plc (NYSE:SHEL) in the 4th quarter, HoldingsChannel reports. The fund purchased 46,876 shares of the energy company’s stock, valued at approximately $2,937,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SHEL. Fortitude Family Office LLC acquired a new position in Shell in the 3rd quarter worth $30,000. Fairscale Capital LLC acquired a new position in shares of Shell in the second quarter worth about $33,000. Valley Wealth Managers Inc. acquired a new stake in Shell during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell during the 3rd quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Shell by 40.8% during the 3rd 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 last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.4 %

SHEL stock opened at $66.74 on Friday. 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 firm’s 50-day simple moving average is $64.19 and its 200 day simple moving average is $67.86. The stock has a market cap of $205.36 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SHEL shares. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company cut 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 report on Friday, October 11th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Buy” and a consensus target price of $79.69.

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.