Jaffetilchin Investment Partners LLC Boosts Stake in Shell plc (NYSE:SHEL)

Jaffetilchin Investment Partners LLC grew its holdings in Shell plc (NYSE:SHEL - Free Report) by 2,758.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,662 shares of the energy company's stock after acquiring an additional 9,324 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Shell were worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after acquiring an additional 2,545 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after purchasing an additional 301 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Shell by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock valued at $12,521,000 after purchasing an additional 14,937 shares during the period. HF Advisory Group LLC raised its holdings in Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock valued at $1,852,000 after acquiring an additional 4,028 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. boosted its position in shares of Shell by 266.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after acquiring an additional 88,700 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SHEL shares. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Scotiabank lowered their price objective 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. TD Cowen lowered 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, Wells Fargo & Company reduced their price target on Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $77.73.

Shell Stock Up 2.8 %

SHEL stock traded up $1.76 during midday trading on Wednesday, hitting $64.54. The company's stock had a trading volume of 2,937,506 shares, compared to its average volume of 4,288,858. 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 plc has a 12 month low of $58.55 and a 12 month high of $74.61. The company has a market cap of $195.15 billion, a PE ratio of 12.86, a P/E/G ratio of 0.98 and a beta of 0.27. The firm's 50-day moving average is $67.41 and its 200-day moving average is $66.15.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. On average, equities research analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. 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 yield of 4.44%. Shell's dividend payout ratio (DPR) is currently 56.97%.

Shell Company 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.