Golden State Wealth Management LLC Invests $69,000 in Shell plc (NYSE:SHEL)

Golden State Wealth Management LLC acquired a new position in Shell plc (NYSE:SHEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,097 shares of the energy company’s stock, valued at approximately $69,000.

Several other large investors have also recently made changes to their positions in SHEL. Valley National Advisers Inc. increased its holdings in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Shell during the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. purchased a new position in Shell in the third quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell in the third quarter worth $35,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SHEL. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. 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 report on Friday, January 3rd. Wells Fargo & Company dropped their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of “Buy” and a consensus target price of $79.11.

Shell Trading Up 0.4 %

Shares of SHEL opened at $66.13 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market capitalization of $202.19 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.98 and a beta of 0.54. The firm’s 50 day simple moving average is $64.29 and its 200 day simple moving average is $67.07.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Sell-side analysts forecast that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 54.78%.

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.