Asio Capital LLC Raises Stock Holdings in Shell plc (NYSE:SHEL)

Asio Capital LLC boosted its holdings in shares of Shell plc (NYSE:SHEL) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 49,216 shares of the energy company’s stock after purchasing an additional 1,337 shares during the quarter. Asio Capital LLC’s holdings in Shell were worth $3,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in Shell during the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. bought a new position in shares of Shell during the third quarter worth about $33,000. Brooklyn Investment Group acquired a new position in Shell in the third quarter worth about $35,000. GHP Investment Advisors Inc. increased its holdings in Shell by 40.8% in the third 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. Finally, Kieckhefer Group LLC bought a new position in Shell during the 4th quarter worth approximately $40,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHEL has been the topic of several research reports. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research 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 on the stock in a report on Friday, January 3rd. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. One research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $79.69.

Shell Price Performance

Shares of SHEL opened at $65.39 on Friday. The firm has a market capitalization of $199.92 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The stock’s fifty day moving average is $64.23 and its 200-day moving average is $67.59. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The company had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. During the same period in the previous year, the firm earned $1.86 EPS. Equities analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.21%. Shell’s dividend payout ratio is currently 56.58%.

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.