Minot DeBlois Advisors LLC Makes New Investment in Shell plc (NYSE:SHEL)

Minot DeBlois Advisors LLC bought a new stake in Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,994 shares of the energy company's stock, valued at approximately $438,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. First Wilshire Securities Management Inc. grew its stake in shares of Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after acquiring an additional 153 shares in the last quarter. Foster Group Inc. grew its stake in shares of Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after acquiring an additional 162 shares in the last quarter. Titleist Asset Management LLC grew its stake in shares of Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after acquiring an additional 164 shares in the last quarter. Warther Private Wealth LLC grew its stake in shares of Shell by 5.5% in the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after acquiring an additional 169 shares in the last quarter. Finally, Klingman & Associates LLC lifted its position in shares of Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

SHEL has been the subject of several recent analyst reports. Piper Sandler lifted 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. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company reduced their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Hsbc Global Res raised shares of Shell to a "strong-buy" rating in a research report on Tuesday. Finally, TD Securities reissued a "buy" rating on shares of Shell in a research report on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $78.35.

Shell Stock Performance

NYSE SHEL traded down $0.82 during trading on Friday, reaching $66.57. The company's stock had a trading volume of 2,507,326 shares, compared to its average volume of 4,309,853. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm has a market cap of $200.26 billion, a price-to-earnings ratio of 13.26, a P/E/G 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. The business's fifty day moving average price is $66.80 and its 200-day moving average price is $65.88.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly 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 firm 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 company posted $2.40 earnings per share. As a group, analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell declared that its Board of Directors has authorized a share buyback program on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors 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 yield of 4.30%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio is presently 65.90%.

About Shell

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.