Shell plc (NYSE:SHEL) Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC increased its position in shares of Shell plc (NYSE:SHEL - Free Report) by 102.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,405 shares of the energy company's stock after acquiring an additional 9,818 shares during the quarter. Waverly Advisors LLC's holdings in Shell were worth $1,216,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Merit Financial Group LLC purchased a new stake in Shell during the 4th quarter worth approximately $360,000. Nisa Investment Advisors LLC boosted its holdings in shares of Shell by 10.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,139 shares of the energy company's stock valued at $134,000 after acquiring an additional 200 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Shell by 0.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 142,445 shares of the energy company's stock valued at $8,924,000 after acquiring an additional 1,331 shares during the last quarter. Hedges Asset Management LLC boosted its holdings in shares of Shell by 0.6% in the 4th quarter. Hedges Asset Management LLC now owns 72,750 shares of the energy company's stock valued at $4,558,000 after acquiring an additional 400 shares during the last quarter. Finally, Montecito Bank & Trust boosted its holdings in shares of Shell by 29.1% in the 4th quarter. Montecito Bank & Trust now owns 3,995 shares of the energy company's stock valued at $250,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SHEL shares. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Barclays reaffirmed an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Piper Sandler upped their price objective on shares of Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Wells Fargo & Company lowered their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Scotiabank lowered their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $78.35.

Shell Price Performance

NYSE:SHEL traded up $0.09 during trading hours on Thursday, reaching $66.13. 1,447,055 shares of the company were exchanged, compared to its average volume of 4,288,150. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $66.22 and its 200-day moving average is $65.81. The firm has a market cap of $198.91 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. The company had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same period in the prior year, the business posted $2.40 earnings per share. On average, sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is 65.90%.

Shell announced that its Board of Directors has approved a share buyback plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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.