Shell plc (NYSE:SHEL) Shares Acquired by Certuity LLC

Certuity LLC increased its position in shares of Shell plc (NYSE:SHEL) by 3.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,681 shares of the energy company’s stock after acquiring an additional 370 shares during the quarter. Certuity LLC’s holdings in Shell were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Warther Private Wealth LLC raised its holdings in shares of Shell by 5.5% in the 4th 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. Weatherly Asset Management L. P. grew its position in Shell by 18.9% in the fourth quarter. Weatherly Asset Management L. P. now owns 62,505 shares of the energy company’s stock worth $3,916,000 after buying an additional 9,914 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Shell in the fourth quarter valued at $100,000. Sapient Capital LLC lifted its position in shares of Shell by 9.1% during the 4th quarter. Sapient Capital LLC now owns 244,845 shares of the energy company’s stock valued at $15,340,000 after acquiring an additional 20,332 shares during the last quarter. Finally, Principle Wealth Partners LLC grew its holdings in shares of Shell by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 7,065 shares of the energy company’s stock worth $443,000 after acquiring an additional 200 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several analyst reports. Piper Sandler reduced their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research upgraded shares of 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. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $79.11.

Shell Trading Down 0.9 %

Shell stock opened at $66.75 on Thursday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market cap of $204.09 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.98 and a beta of 0.54. The company’s fifty day simple moving average is $64.42 and its 200-day simple moving average is $67.00.

Shell (NYSE:SHEL) last issued its earnings results 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 return on equity of 12.75% and a net margin of 5.57%. As a group, sell-side analysts forecast that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

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

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.