Glass Wealth Management Co LLC Has $2.72 Million Stock Holdings in Shell plc (NYSE:SHEL)

Glass Wealth Management Co LLC raised its stake in Shell plc (NYSE:SHEL) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,463 shares of the energy company’s stock after buying an additional 645 shares during the quarter. Shell accounts for about 1.5% of Glass Wealth Management Co LLC’s holdings, making the stock its 25th biggest position. Glass Wealth Management Co LLC’s holdings in Shell were worth $2,723,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SHEL. Valley National Advisers Inc. increased its stake in 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 buying an additional 400 shares during the period. Human Investing LLC acquired a new position in Shell in the 4th quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new position in Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Shell during the 3rd quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new position in shares of Shell during the 4th quarter worth $39,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the topic of several analyst reports. Wells Fargo & Company dropped their price target 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. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. Piper Sandler dropped their price target 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. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Shell presently has an average rating of “Buy” and an average target price of $79.11.

Shell Stock Performance

NYSE SHEL opened at $66.06 on Wednesday. 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 firm has a market capitalization of $200.89 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.98 and a beta of 0.54. The company’s fifty day moving average is $65.60 and its two-hundred day moving average is $66.54. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

Shell (NYSE:SHEL) last posted 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%. Equities research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is 56.97%.

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.