Capital Advisors Inc. OK lifted its position in shares of Shell plc (NYSE:SHEL – Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,458 shares of the energy company’s stock after acquiring an additional 190 shares during the quarter. Capital Advisors Inc. OK’s holdings in Shell were worth $467,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Procyon Advisors LLC boosted its position in Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after purchasing an additional 159 shares in the last quarter. Foster Group Inc. raised its stake in shares of Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after buying an additional 162 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. Warther Private Wealth LLC increased its holdings in Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after acquiring an additional 169 shares in the last quarter. Finally, RHS Financial LLC raised its position in Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.
Shell Stock Performance
NYSE:SHEL opened at $66.75 on Thursday. The company has a market cap of $204.09 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.98 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. The firm’s 50 day moving average is $64.42 and its two-hundred day moving average is $67.00. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.
Shell Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.29%. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is 54.78%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on SHEL shares. UBS Group raised shares of 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 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 for the company in a research report on Friday, January 31st. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report 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 MarketBeat, Shell has an average rating of “Buy” and an average target price of $79.11.
Check Out Our Latest Analysis on Shell
About Shell
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.
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