Stonegate Investment Group LLC Has $782,000 Stock Position in Shell plc (NYSE:SHEL)

Stonegate Investment Group LLC boosted its position in Shell plc (NYSE:SHEL) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,485 shares of the energy company’s stock after acquiring an additional 500 shares during the period. Stonegate Investment Group LLC’s holdings in Shell were worth $782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of Shell during the third quarter worth $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell in the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new position in Shell during the 3rd quarter worth approximately $35,000. GHP Investment Advisors Inc. grew its holdings in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in Shell by 567.0% in the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after purchasing an additional 533 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SHEL. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank cut their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wolfe Research upgraded 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. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Shell currently has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Down 0.8 %

Shell stock opened at $64.61 on Wednesday. The company has a fifty day simple moving average of $64.19 and a 200 day simple moving average of $67.44. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market cap of $197.53 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55.

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

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) 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.