Certuity LLC Increases Position in Shell plc (NYSE:SHEL)

Certuity LLC boosted its holdings in Shell plc (NYSE:SHEL) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,681 shares of the energy company’s stock after purchasing an additional 370 shares during the period. Certuity LLC’s holdings in Shell were worth $669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Warther Private Wealth LLC grew 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 worth $205,000 after acquiring an additional 169 shares in the last quarter. Weatherly Asset Management L. P. grew its stake in Shell by 18.9% in the fourth quarter. Weatherly Asset Management L. P. now owns 62,505 shares of the energy company’s stock worth $3,916,000 after purchasing an additional 9,914 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Shell in the fourth quarter valued at about $100,000. Sapient Capital LLC raised its stake in Shell by 9.1% during the fourth quarter. Sapient Capital LLC now owns 244,845 shares of the energy company’s stock valued at $15,340,000 after buying an additional 20,332 shares in the last quarter. Finally, Principle Wealth Partners LLC grew its position in shares of Shell by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 7,065 shares of the energy company’s stock worth $443,000 after acquiring an additional 200 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of NYSE SHEL opened at $66.75 on Thursday. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a market cap of $204.09 billion, a PE ratio of 13.30, a P/E/G ratio of 0.98 and a beta of 0.54. The stock has a 50 day simple moving average of $64.42 and a 200-day simple moving average of $67.00. 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 (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. On average, equities research analysts forecast that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The business 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 dividend yield of 4.29%. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is 54.78%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHEL. Wolfe Research upgraded 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. Morgan Stanley upgraded shares of 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. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, 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. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $79.11.

Shell Company 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.