Cookson Peirce & Co. Inc. Purchases Shares of 12,351 Shell plc (NYSE:SHEL)

Cookson Peirce & Co. Inc. purchased a new stake in Shell plc (NYSE:SHEL) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 12,351 shares of the energy company’s stock, valued at approximately $774,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in shares of Shell by 9.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,706 shares of the energy company’s stock worth $574,000 after buying an additional 756 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in shares of Shell by 6.6% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,416 shares of the energy company’s stock worth $225,000 after buying an additional 210 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Shell by 74.7% in the 3rd quarter. Crestwood Advisors Group LLC now owns 9,813 shares of the energy company’s stock worth $647,000 after buying an additional 4,196 shares during the last quarter. HF Advisory Group LLC increased its holdings in shares of Shell by 8.5% in the 3rd quarter. HF Advisory Group LLC now owns 25,532 shares of the energy company’s stock worth $1,684,000 after buying an additional 1,993 shares during the last quarter. Finally, Marks Group Wealth Management Inc increased its holdings in shares of Shell by 2.1% in the 3rd quarter. Marks Group Wealth Management Inc now owns 12,415 shares of the energy company’s stock worth $819,000 after buying an additional 257 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Down 0.2 %

NYSE:SHEL opened at $66.06 on Thursday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The firm has a 50 day moving average of $65.69 and a 200 day moving average of $66.50. 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 capitalization of $200.89 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last posted its 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 business 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 dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.34%. Shell’s dividend payout ratio is presently 56.97%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SHEL. Wells Fargo & Company reduced their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Piper Sandler cut their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley upgraded shares of 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 report on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. 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’s stock. According to data from MarketBeat, Shell has an average rating of “Buy” and an average target price of $79.11.

Shell Company 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.