Strategic Advisors LLC Raises Position in Shell plc (NYSE:SHEL)

Strategic Advisors LLC boosted its stake in Shell plc (NYSE:SHEL) by 63.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,531 shares of the energy company’s stock after buying an additional 2,531 shares during the quarter. Strategic Advisors LLC’s holdings in Shell were worth $409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in Shell in the 4th quarter worth approximately $39,000. J.W. Cole Advisors Inc. lifted its stake in Shell by 21.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 14,874 shares of the energy company’s stock worth $932,000 after purchasing an additional 2,615 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Shell in the 4th quarter worth approximately $293,000. Allworth Financial LP lifted its stake in Shell by 13.0% in the 4th quarter. Allworth Financial LP now owns 29,018 shares of the energy company’s stock worth $1,914,000 after purchasing an additional 3,330 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in Shell by 18.5% in the 4th quarter. Principal Securities Inc. now owns 21,288 shares of the energy company’s stock worth $1,334,000 after purchasing an additional 3,331 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Down 0.3 %

Shares of NYSE SHEL opened at $67.16 on Tuesday. The firm has a market cap of $205.33 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.98 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The business’s 50 day moving average is $64.61 and its two-hundred day moving average is $66.85.

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%. Research analysts predict that Shell plc will post 7.46 EPS for the current 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. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.26%. Shell’s payout ratio is 54.78%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SHEL. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. 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. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. One 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. Based on data from MarketBeat, Shell has a consensus rating of “Buy” and an average price target of $79.11.

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.