Shell plc (NYSE:SHEL) Shares Purchased by Adero Partners LLC

Adero Partners LLC grew its stake in Shell plc (NYSE:SHEL) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,621 shares of the energy company’s stock after purchasing an additional 552 shares during the period. Adero Partners LLC’s holdings in Shell were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SHEL. Valley National Advisers Inc. raised its stake in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Shell in the 3rd quarter valued at about $30,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. raised its stake in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. 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. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research 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 company’s stock. According to MarketBeat.com, Shell currently has an average rating of “Buy” and a consensus target price of $79.11.

Shell Trading Down 0.6 %

Shell stock opened at $66.11 on Friday. The firm has a 50 day simple moving average of $64.25 and a 200-day simple moving average of $67.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market capitalization of $202.13 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 6.57 and a beta of 0.54. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data 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 net margin of 5.57% and a return on equity of 12.75%. As a group, equities research analysts expect that Shell plc will post 7.27 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.33%. Shell’s dividend payout ratio (DPR) is 54.78%.

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.