Human Investing LLC Takes Position in Shell plc (NYSE:SHEL)

Human Investing LLC bought a new stake in Shell plc (NYSE:SHEL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 500 shares of the energy company’s stock, valued at approximately $31,000.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Shell by 5.2% during the third 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. Jennison Associates LLC grew its position in Shell by 188.0% during the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after purchasing an additional 1,967,672 shares during the period. Holocene Advisors LP lifted its holdings in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares during the period. Mediolanum International Funds Ltd purchased a new stake in shares of Shell in the third quarter worth about $37,274,000. Finally, Fisher Asset Management LLC raised its position in Shell by 2.1% during 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 acquiring an additional 507,311 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

NYSE SHEL opened at $67.16 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market cap of $205.33 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The stock’s 50 day simple moving average is $64.61 and its 200-day simple moving average is $66.85.

Shell (NYSE:SHEL) last announced its 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%. As a group, equities research analysts anticipate that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.26%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is 54.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHEL. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report 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. Finally, Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One research 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 stock. According to MarketBeat.com, the stock presently has a consensus 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.