Commonwealth Equity Services LLC grew its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 364,343 shares of the energy company's stock after acquiring an additional 30,760 shares during the quarter. Commonwealth Equity Services LLC's holdings in Shell were worth $23,974,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Provence Wealth Management Group bought a new position in shares of Shell in the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC bought a new position in shares of Shell in the third quarter worth approximately $26,000. Rise Advisors LLC lifted its stake in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company's stock worth $27,000 after buying an additional 189 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company's stock worth $27,000 after buying an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Shell in the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 28.60% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. TD Securities boosted their price objective on shares of Shell from $74.00 to $81.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of Shell from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Friday. Finally, TheStreet raised shares of Shell from a "c" rating to a "b-" rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $66.50.
Check Out Our Latest Report on Shell
Shell Stock Performance
NYSE SHEL traded up $0.42 on Monday, hitting $72.80. 3,585,544 shares of the company traded hands, compared to its average volume of 4,698,303. The company has a market capitalization of $234.23 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.70 and a beta of 0.59. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The business's 50 day moving average price is $68.43 and its 200-day moving average price is $66.01. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94.
Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. During the same period in the previous year, the business earned $2.76 earnings per share. Equities analysts expect that Shell plc will post 8.22 earnings per share for the current year.
Shell Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be given a dividend of $0.688 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Shell's previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a yield of 3.78%. Shell's payout ratio is 50.74%.
Shell Company Profile
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Free Report)
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.
Further Reading
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