Investor s Fiduciary Advisor Network LLC Takes $728,000 Position in Shell plc (NYSE:SHEL)

Investor s Fiduciary Advisor Network LLC acquired a new stake in Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,635 shares of the energy company's stock, valued at approximately $728,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aprio Wealth Management LLC increased its holdings in shares of Shell by 45.6% in the fourth quarter. Aprio Wealth Management LLC now owns 5,774 shares of the energy company's stock valued at $362,000 after purchasing an additional 1,809 shares during the last quarter. Kieckhefer Group LLC acquired a new stake in shares of Shell in the 4th quarter worth $40,000. Thomasville National Bank raised its holdings in shares of Shell by 4.8% during the 4th quarter. Thomasville National Bank now owns 349,953 shares of the energy company's stock worth $21,925,000 after acquiring an additional 16,119 shares during the period. Moody National Bank Trust Division grew its holdings in shares of Shell by 157.4% in the fourth quarter. Moody National Bank Trust Division now owns 9,770 shares of the energy company's stock valued at $612,000 after purchasing an additional 5,974 shares during the period. Finally, Bridge Creek Capital Management LLC raised its stake in Shell by 0.4% during the fourth quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company's stock worth $3,353,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHEL. Barclays restated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Wells Fargo & Company lowered their price target on Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. TD Cowen decreased their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, TD Securities reaffirmed a "buy" rating on shares of Shell in a research report on Friday, April 4th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Shell currently has a consensus rating of "Buy" and an average target price of $77.35.

Shell Trading Up 1.7 %

Shares of NYSE:SHEL opened at $66.16 on Friday. The company has a market cap of $199.01 billion, a PE ratio of 13.18, a P/E/G ratio of 0.98 and a beta of 0.38. The company's 50 day moving average is $66.74 and its two-hundred day moving average is $65.84. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. The business 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 quarter last year, the company earned $2.40 EPS. Equities analysts predict that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company 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 dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio (DPR) is currently 65.90%.

Shell announced that its Board of Directors has authorized a share buyback plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management 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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