Lido Advisors LLC Has $1.73 Million Position in Shell plc (NYSE:SHEL)

Lido Advisors LLC grew its position in shares of Shell plc (NYSE:SHEL - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,560 shares of the energy company's stock after acquiring an additional 4,874 shares during the quarter. Lido Advisors LLC's holdings in Shell were worth $1,727,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SHEL. Valley National Advisers Inc. boosted its holdings in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after buying an additional 400 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Shell in the 4th quarter worth $28,000. Human Investing LLC purchased a new stake in shares of Shell during the fourth quarter valued at $31,000. Transce3nd LLC acquired a new position in shares of Shell in the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC purchased a new position in Shell in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Performance

Shares of NYSE SHEL traded up $1.87 during trading hours on Friday, hitting $66.67. 6,607,925 shares of the stock were exchanged, compared to its average volume of 4,317,146. The firm has a market capitalization of $200.55 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 0.38. Shell plc has a one year low of $58.55 and a one year high of $74.61. 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's 50 day moving average is $66.91 and its 200 day moving average is $65.90.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $2.40 earnings per share. On average, research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell declared that its board has approved a stock buyback plan on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to purchase up to 1.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on shares of Shell from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Barclays reissued an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, TD Securities reissued a "buy" rating on shares of Shell in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Shell has a consensus rating of "Buy" and a consensus price target of $77.73.

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.