Weatherly Asset Management L. P. Acquires 9,914 Shares of Shell plc (NYSE:SHEL)

Weatherly Asset Management L. P. lifted its holdings in shares of Shell plc (NYSE:SHEL) by 18.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 62,505 shares of the energy company’s stock after purchasing an additional 9,914 shares during the period. Weatherly Asset Management L. P.’s holdings in Shell were worth $3,916,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SHEL. Valley National Advisers Inc. lifted its stake in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the period. Fortitude Family Office LLC acquired a new position in Shell in the third quarter valued at about $30,000. Valley Wealth Managers Inc. acquired a new position in Shell in the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in Shell in the third quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. lifted its stake 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 period. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the topic of several analyst reports. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Piper Sandler dropped 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. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One investment 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $79.11.

Shell Stock Performance

NYSE:SHEL opened at $66.13 on Tuesday. The stock has a market cap of $202.19 billion, a P/E ratio of 13.17, a PEG ratio of 0.98 and a beta of 0.54. The stock has a 50 day simple moving average of $64.29 and a 200 day simple moving average of $67.07. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Research analysts anticipate that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.33%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 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.