Broyhill Asset Management Invests $266,000 in Shell plc (NYSE:SHEL)

Broyhill Asset Management acquired a new stake in shares of Shell plc (NYSE:SHEL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,240 shares of the energy company's stock, valued at approximately $266,000.

A number of other large investors have also bought and sold shares of the business. Valley National Advisers Inc. increased its holdings 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 purchasing an additional 400 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in Shell in the fourth quarter valued at $28,000. Human Investing LLC acquired a new position in shares of Shell during the 4th quarter worth about $31,000. Millstone Evans Group LLC acquired a new stake in shares of Shell in the fourth quarter valued at approximately $36,000. Finally, Summit Securities Group LLC boosted its stake in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after acquiring an additional 200 shares during the period. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SHEL. Wells Fargo & Company cut their price objective on shares of Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Scotiabank decreased their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $77.73.

Shell Price Performance

SHEL traded up $0.98 during trading on Friday, hitting $65.01. 4,511,560 shares of the stock traded hands, compared to its average volume of 4,301,172. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. The business has a 50 day moving average price of $67.31 and a 200 day moving average price of $66.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The company has a market cap of $196.58 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL - Get Free Report) 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 return on equity of 12.75% and a net margin of 5.57%. Equities research analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.41%. Shell's dividend payout ratio (DPR) is currently 56.97%.

Shell 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.