Shell plc (NYSE:SHEL) Shares Acquired by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,962 shares of the energy company’s stock after purchasing an additional 1,577 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Shell were worth $4,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. FMR LLC lifted its holdings in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares in the last quarter. Jennison Associates LLC increased its position in Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after buying an additional 1,967,672 shares in the last quarter. Holocene Advisors LP lifted its position in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after acquiring an additional 866,954 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in Shell during the 3rd quarter worth about $37,274,000. Finally, Fisher Asset Management LLC lifted its holdings in Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after purchasing an additional 507,311 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

SHEL stock opened at $65.12 on Tuesday. The stock has a 50-day simple moving average of $64.21 and a 200-day simple moving average of $67.50. The firm has a market cap of $199.11 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61.

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

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler reduced 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. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $79.69.

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.