Savvy Advisors Inc. Invests $594,000 in Shell plc (NYSE:SHEL)

Savvy Advisors Inc. purchased a new stake in shares of Shell plc (NYSE:SHEL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,485 shares of the energy company's stock, valued at approximately $594,000.

A number of other large investors have also recently made changes to their positions in SHEL. First Wilshire Securities Management Inc. boosted its position in Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after buying an additional 153 shares during the period. Foster Group Inc. lifted its holdings in Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after buying an additional 162 shares during the period. Titleist Asset Management LLC boosted its position in Shell by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock valued at $346,000 after acquiring an additional 164 shares in the last quarter. Warther Private Wealth LLC raised its position in shares of Shell by 5.5% in the 4th 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 boosted its position in Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock valued at $214,000 after purchasing an additional 170 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports 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. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Scotiabank decreased their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Finally, Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $77.73.

Shell Price Performance

Shell stock traded up $0.98 during trading on Friday, reaching $65.01. The company had a trading volume of 4,511,560 shares, compared to its average volume of 4,301,172. 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's 50-day simple moving average is $67.31 and its 200 day simple moving average is $66.12. The firm has a market capitalization of $196.58 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.41%. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is currently 56.97%.

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.