Shell plc (NYSE:SHEL) Shares Bought by Klingman & Associates LLC

Klingman & Associates LLC raised its holdings in Shell plc (NYSE:SHEL) by 5.2% in the 4th quarter, HoldingsChannel reports. The fund owned 3,421 shares of the energy company’s stock after acquiring an additional 170 shares during the period. Klingman & Associates LLC’s holdings in Shell were worth $214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Foster Group Inc. increased its holdings 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. increased its holdings 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 worth $37,000 after buying an additional 163 shares during the last quarter. Warther Private Wealth LLC increased its holdings in shares of Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after buying an additional 169 shares during the last quarter. RHS Financial LLC increased its holdings in shares of Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after buying an additional 173 shares during the last quarter. Finally, Doliver Advisors LP increased its holdings in shares of Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after buying an additional 180 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Shell Trading Down 0.3 %

Shell stock opened at $67.61 on Thursday. The company has a 50 day moving average price of $64.74 and a 200 day moving average price of $66.82. The firm has a market capitalization of $205.63 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 0.97 and a beta of 0.54. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last issued its earnings results 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 net margin of 5.57% and a return on equity of 12.75%. Research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is 56.97%.

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.