Silvercrest Asset Management Group LLC Has $86.54 Million Stock Holdings in Shell plc (NYSE:SHEL)

Silvercrest Asset Management Group LLC grew its position in shares of Shell plc (NYSE:SHEL - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,381,277 shares of the energy company's stock after acquiring an additional 37,160 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Shell were worth $86,537,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Park Avenue Securities LLC lifted its holdings in Shell by 40.8% during the 4th quarter. Park Avenue Securities LLC now owns 66,911 shares of the energy company's stock valued at $4,192,000 after purchasing an additional 19,373 shares during the last quarter. Laurel Wealth Advisors LLC lifted its stake in Shell by 27.1% during the fourth quarter. Laurel Wealth Advisors LLC now owns 2,165 shares of the energy company's stock worth $136,000 after purchasing an additional 461 shares during the last quarter. Sendero Wealth Management LLC lifted its stake in Shell by 2.7% in the 4th quarter. Sendero Wealth Management LLC now owns 23,858 shares of the energy company's stock valued at $1,495,000 after purchasing an additional 638 shares during the last quarter. Stolper Co boosted its stake in shares of Shell by 1.3% during the fourth quarter. Stolper Co now owns 28,735 shares of the energy company's stock valued at $1,800,000 after purchasing an additional 373 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new position in shares of Shell during the fourth quarter valued at $2,937,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Up 0.4%

NYSE:SHEL opened at $67.39 on Friday. 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 firm has a market cap of $202.71 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a 50-day moving average of $66.80 and a 200 day moving average of $65.87. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The firm had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. As a group, research analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

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

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.25%. Shell's payout ratio is 65.90%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SHEL shares. Wells Fargo & Company decreased their price objective 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. TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. Scotiabank lowered their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $78.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.