12,351 Shares in Shell plc (NYSE:SHEL) Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in Shell plc (NYSE:SHEL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,351 shares of the energy company’s stock, valued at approximately $774,000.

Several other hedge funds have also added to or reduced their stakes in the business. Glass Wealth Management Co LLC lifted its stake in Shell by 1.5% in the fourth quarter. Glass Wealth Management Co LLC now owns 43,463 shares of the energy company’s stock worth $2,723,000 after purchasing an additional 645 shares during the last quarter. Horan Capital Advisors LLC. lifted its stake in Shell by 0.8% in the fourth quarter. Horan Capital Advisors LLC. now owns 38,416 shares of the energy company’s stock worth $2,407,000 after purchasing an additional 288 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Shell by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock valued at $12,521,000 after acquiring an additional 14,937 shares during the last quarter. Unified Investment Management bought a new position in shares of Shell during the fourth quarter valued at about $1,156,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Shell during the fourth quarter valued at about $3,433,000. 28.60% of the stock is owned by institutional investors.

Shell Trading Down 0.2 %

Shares of Shell stock opened at $66.06 on Thursday. The company’s fifty day simple moving average is $65.69 and its 200-day simple moving average is $66.50. The stock has a market capitalization of $200.89 billion, a PE ratio of 13.16, a P/E/G ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. 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 (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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 analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SHEL. Wells Fargo & Company lowered their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 report on Friday, January 3rd. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. One research 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 stock. According to MarketBeat, Shell has a consensus rating of “Buy” and an average target price of $79.11.

About Shell

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.