Warther Private Wealth LLC Buys 169 Shares of Shell plc (NYSE:SHEL)

Warther Private Wealth LLC increased its stake in Shell plc (NYSE:SHEL) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,268 shares of the energy company’s stock after acquiring an additional 169 shares during the period. Warther Private Wealth LLC’s holdings in Shell were worth $205,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Procyon Advisors LLC increased its position in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after purchasing an additional 159 shares during the last quarter. Foster Group Inc. raised its stake in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after acquiring an additional 162 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the last quarter. RHS Financial LLC grew its holdings in shares of Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after purchasing an additional 173 shares during the last quarter. Finally, Doliver Advisors LP raised its position in Shell by 5.2% in the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 1.9 %

Shares of NYSE:SHEL opened at $67.40 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 firm has a market capitalization of $206.06 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.98 and a beta of 0.54. The stock has a 50 day moving average price of $64.33 and a 200-day moving average price of $67.03.

Shell (NYSE:SHEL) last announced 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, equities research analysts anticipate that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a $0.716 dividend. 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 dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is currently 54.78%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SHEL. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler decreased their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note 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 for the company in a research report on Friday, January 3rd. Finally, 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 note on Friday, January 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus 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.