Greystone Financial Group LLC Acquires 1,753 Shares of Shell plc (NYSE:SHEL)

Greystone Financial Group LLC raised its holdings in Shell plc (NYSE:SHEL) by 8.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,439 shares of the energy company’s stock after acquiring an additional 1,753 shares during the quarter. Greystone Financial Group LLC’s holdings in Shell were worth $1,468,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC raised its position in Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Shell by 2.1% in the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares during the period. Franklin Resources Inc. raised its position in shares of Shell by 0.9% during the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after acquiring an additional 422,329 shares during the last quarter. Finally, Holocene Advisors LP increased its position in Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after purchasing an additional 866,954 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $66.67 on Friday. The firm has a market capitalization of $202.75 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.98 and a beta of 0.54. The stock’s 50 day moving average is $64.89 and its 200-day moving average is $66.81. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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%. Sell-side analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced 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. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. Shell’s payout ratio is presently 56.97%.

Analyst Upgrades and Downgrades

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

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.