Bill Few Associates Inc. Raises Holdings in Shell plc (NYSE:SHEL)

Bill Few Associates Inc. increased its position in shares of Shell plc (NYSE:SHEL) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,193 shares of the energy company’s stock after buying an additional 330 shares during the period. Bill Few Associates Inc.’s holdings in Shell were worth $388,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Shell by 0.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 142,445 shares of the energy company’s stock valued at $8,924,000 after buying an additional 1,331 shares during the period. SG Americas Securities LLC grew its stake in shares of Shell by 16,663.4% in the fourth quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company’s stock worth $19,261,000 after purchasing an additional 305,606 shares in the last quarter. Baker Ellis Asset Management LLC raised its stake in shares of Shell by 2.4% in the 4th quarter. Baker Ellis Asset Management LLC now owns 17,000 shares of the energy company’s stock worth $1,065,000 after buying an additional 400 shares in the last quarter. Evolution Wealth Advisors LLC grew its holdings in shares of Shell by 30.2% in the 4th quarter. Evolution Wealth Advisors LLC now owns 5,369 shares of the energy company’s stock worth $336,000 after acquiring an additional 1,245 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Shell by 10.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,139 shares of the energy company’s stock valued at $134,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Piper Sandler lowered their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $79.69.

Shell Stock Down 1.2 %

SHEL stock opened at $65.96 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $64.22 and a 200-day simple moving average of $67.68. The stock has a market capitalization of $201.69 billion, a P/E ratio of 13.57, a P/E/G ratio of 5.96 and a beta of 0.55. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.20. The business had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter last year, the company earned $1.86 EPS. Equities analysts forecast that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.17%. Shell’s dividend payout ratio is presently 56.58%.

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.