Marks Group Wealth Management Inc Trims Position in Shell plc (NYSE:SHEL)

Marks Group Wealth Management Inc reduced its position in shares of Shell plc (NYSE:SHEL) by 43.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,043 shares of the energy company’s stock after selling 5,372 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Shell were worth $441,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Great Lakes Retirement Inc. raised its position in Shell by 3.6% in the fourth quarter. Great Lakes Retirement Inc. now owns 27,139 shares of the energy company’s stock valued at $1,700,000 after purchasing an additional 948 shares during the period. Capital Advisors Inc. OK increased its position in shares of Shell by 2.6% during the 4th quarter. Capital Advisors Inc. OK now owns 7,458 shares of the energy company’s stock worth $467,000 after purchasing an additional 190 shares during the last quarter. Certuity LLC raised its holdings in Shell by 3.6% in the 4th quarter. Certuity LLC now owns 10,681 shares of the energy company’s stock valued at $669,000 after buying an additional 370 shares during the period. Warther Private Wealth LLC boosted its stake in 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 buying an additional 169 shares during the period. Finally, Weatherly Asset Management L. P. increased its position in shares of Shell by 18.9% during the fourth quarter. Weatherly Asset Management L. P. now owns 62,505 shares of the energy company’s stock valued at $3,916,000 after acquiring an additional 9,914 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SHEL shares. Wells Fargo & Company lowered their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report 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 report on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Shell has a consensus rating of “Buy” and an average target price of $79.11.

Shell Stock Performance

Shares of SHEL opened at $66.75 on Thursday. The stock has a 50-day simple moving average of $64.42 and a 200-day simple moving average of $67.00. 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 plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock has a market capitalization of $204.09 billion, a PE ratio of 13.30, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, analysts predict that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.29%. Shell’s dividend payout ratio (DPR) is currently 54.78%.

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.