Foresight Global Investors Inc. Has $6.90 Million Stock Position in Shell plc (NYSE:SHEL)

Foresight Global Investors Inc. grew its position in Shell plc (NYSE:SHEL) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,194 shares of the energy company’s stock after purchasing an additional 2,000 shares during the period. Shell makes up approximately 5.0% of Foresight Global Investors Inc.’s investment portfolio, making the stock its 7th largest holding. Foresight Global Investors Inc.’s holdings in Shell were worth $6,904,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after acquiring an additional 2,545 shares in the last quarter. Private Advisor Group LLC grew its position in Shell by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after purchasing an additional 301 shares in the last quarter. HF Advisory Group LLC increased its stake in Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after buying an additional 4,028 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after buying an additional 46,293 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. grew its holdings in shares of Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after acquiring an additional 88,700 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

Shares of SHEL stock opened at $70.97 on Wednesday. The company has a 50-day simple moving average of $66.64 and a 200 day simple moving average of $66.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a market capitalization of $215.83 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, sell-side analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.04%. Shell’s dividend payout ratio is 56.97%.

Analyst Ratings Changes

Several research analysts recently commented on SHEL shares. Wells Fargo & Company reduced their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Morgan Stanley raised 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. One equities 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. According to data from MarketBeat.com, Shell has an average rating of “Buy” and an average target price of $79.11.

Shell 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.