Argonautica Private Wealth Management Inc. Has $398,000 Holdings in Shell plc (NYSE:SHEL)

Argonautica Private Wealth Management Inc. lifted its position in shares of Shell plc (NYSE:SHEL) by 5.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,355 shares of the energy company’s stock after buying an additional 342 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Shell were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. increased its position in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares during the period. Fortitude Family Office LLC acquired a new stake in Shell in the 3rd quarter worth about $30,000. Human Investing LLC bought a new stake in Shell in the 4th quarter valued at about $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell during the 3rd quarter worth approximately $33,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Shell in the third quarter valued at approximately $35,000. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Shell Stock Up 0.1 %

Shares of SHEL opened at $66.94 on Wednesday. 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 52 week low of $60.15 and a 52 week high of $74.61. The stock has a market capitalization of $203.57 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.98 and a beta of 0.54. The stock has a fifty day moving average of $65.09 and a 200-day moving average of $66.70.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, sell-side analysts anticipate that Shell plc will post 7.67 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. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.28%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.