Willis Johnson & Associates Inc. Has $15.16 Million Stock Holdings in Shell plc (NYSE:SHEL)

Willis Johnson & Associates Inc. reduced its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 12.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,906 shares of the energy company's stock after selling 35,490 shares during the quarter. Shell makes up approximately 1.2% of Willis Johnson & Associates Inc.'s holdings, making the stock its 21st biggest position. Willis Johnson & Associates Inc.'s holdings in Shell were worth $15,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CoreFirst Bank & Trust acquired a new position in Shell during the fourth quarter worth $28,000. Valley National Advisers Inc. increased its stake in shares of 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 during the last quarter. Human Investing LLC bought a new stake in shares of Shell in the 4th quarter valued at about $31,000. Transce3nd LLC bought a new position in Shell during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new position in Shell during the fourth quarter worth approximately $36,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHEL has been the subject of several research analyst reports. Scotiabank reduced their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Wells Fargo & Company cut their target price on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Piper Sandler raised their price objective on shares of Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $78.35.

Shell Trading Down 0.0%

Shares of SHEL stock opened at $66.61 on Tuesday. The stock has a market cap of $200.37 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.46. 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 has a 50 day simple moving average of $66.78 and a 200 day simple moving average of $65.86.

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

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is presently 65.90%.

Shell announced that its board has authorized a stock repurchase program on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors 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.

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