Evolution Wealth Advisors LLC Has $336,000 Holdings in Shell plc (NYSE:SHEL)

Evolution Wealth Advisors LLC increased its stake in Shell plc (NYSE:SHEL) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,369 shares of the energy company’s stock after buying an additional 1,245 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Shell were worth $336,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SHEL. Nisa Investment Advisors LLC lifted its holdings in shares of Shell by 10.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,139 shares of the energy company’s stock worth $134,000 after buying an additional 200 shares in the last quarter. Roberts Wealth Advisors LLC raised its stake in Shell by 20.9% in the fourth quarter. Roberts Wealth Advisors LLC now owns 33,651 shares of the energy company’s stock valued at $2,233,000 after purchasing an additional 5,810 shares in the last quarter. Transform Wealth LLC raised its stake in Shell by 11.2% in the fourth quarter. Transform Wealth LLC now owns 6,734 shares of the energy company’s stock valued at $422,000 after purchasing an additional 678 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Shell by 60.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 394,592 shares of the energy company’s stock valued at $24,721,000 after purchasing an additional 148,823 shares in the last quarter. Finally, HF Advisory Group LLC raised its stake in Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after purchasing an additional 4,028 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of a number of analyst reports. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their target price on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. 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 research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Performance

Shares of SHEL stock opened at $65.96 on Thursday. The stock has a market capitalization of $201.69 billion, a PE ratio of 13.57, a PEG ratio of 5.96 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61. The business’s 50 day simple moving average is $64.22 and its 200 day simple moving average is $67.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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. The firm had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same period in the prior year, the business earned $1.86 EPS. As a group, research analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is 56.58%.

Shell 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.