Shell plc (NYSE:SHEL) Shares Bought by Focus Partners Wealth

Focus Partners Wealth increased its holdings in Shell plc (NYSE:SHEL - Free Report) by 99.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,069 shares of the energy company's stock after buying an additional 92,364 shares during the quarter. Focus Partners Wealth's holdings in Shell were worth $11,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Wilshire Securities Management Inc. lifted its holdings in Shell by 1.6% during the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after purchasing an additional 153 shares in the last quarter. Foster Group Inc. lifted its holdings 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 buying an additional 162 shares in the last quarter. Titleist Asset Management LLC lifted its holdings 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 buying an additional 164 shares in the last quarter. Warther Private Wealth LLC lifted its holdings 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 buying an additional 169 shares in the last quarter. Finally, Klingman & Associates LLC lifted its holdings in shares of Shell by 5.2% in the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SHEL. TD Cowen reduced their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank reduced their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $78.35.

Shell Stock Down 1.2%

Shell stock traded down $0.82 during midday trading on Friday, hitting $66.57. 2,507,326 shares of the company's stock were exchanged, compared to its average volume of 4,307,924. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 12 month low of $58.55 and a 12 month high of $74.46. The firm has a 50-day moving average of $66.80 and a two-hundred day moving average of $65.87. The company has a market cap of $200.26 billion, a PE ratio of 13.26, a P/E/G ratio of 0.98 and a beta of 0.38.

Shell (NYSE:SHEL - Get Free Report) last issued its 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. Shell had a net margin of 5.57% and a return on equity of 12.75%. The company had revenue of $69.23 billion for the quarter, compared to analysts' expectations of $79.18 billion. During the same period in the prior year, the business earned $2.40 EPS. As a group, analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell announced that its board has authorized a share repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio is currently 65.90%.

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.