Leo Wealth LLC Has $354,000 Stock Holdings in Shell plc (NYSE:SHEL)

Leo Wealth LLC increased its position in Shell plc (NYSE:SHEL) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,643 shares of the energy company’s stock after buying an additional 632 shares during the period. Leo Wealth LLC’s holdings in Shell were worth $354,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Shell by 42.7% during the 2nd quarter. AQR Capital Management LLC now owns 21,701 shares of the energy company’s stock worth $1,566,000 after acquiring an additional 6,495 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Shell by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,165 shares of the energy company’s stock worth $1,239,000 after purchasing an additional 337 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Shell during the 3rd quarter worth approximately $121,000. GAMMA Investing LLC grew its holdings in shares of Shell by 15.7% in the third quarter. GAMMA Investing LLC now owns 5,061 shares of the energy company’s stock valued at $334,000 after acquiring an additional 688 shares in the last quarter. Finally, CWM LLC lifted its holdings in Shell by 9.7% during the third quarter. CWM LLC now owns 52,914 shares of the energy company’s stock worth $3,490,000 after acquiring an additional 4,660 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company decreased their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $79.11.

Shell Price Performance

Shell stock opened at $65.87 on Friday. The business has a 50-day simple moving average of $64.27 and a 200 day simple moving average of $67.17. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The stock has a market cap of $201.39 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 6.57 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last announced its earnings results 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%. On average, research analysts forecast that Shell plc will post 7.27 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.35%. Shell’s dividend payout ratio is 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.