Shell plc (NYSE:SHEL) Shares Acquired by Advocate Group LLC

Advocate Group LLC lifted its stake in Shell plc (NYSE:SHEL) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 69,305 shares of the energy company’s stock after acquiring an additional 1,385 shares during the quarter. Advocate Group LLC’s holdings in Shell were worth $4,342,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Shell by 5.2% in the 3rd 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 during the last quarter. Jennison Associates LLC increased its position in Shell by 188.0% in the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after acquiring an additional 1,967,672 shares during the period. Holocene Advisors LP increased its position in Shell by 29.8% in the 3rd 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 during the period. Mediolanum International Funds Ltd acquired a new position in Shell during the 3rd quarter worth approximately $37,274,000. Finally, Fisher Asset Management LLC increased its position in Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after purchasing an additional 507,311 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on SHEL. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their target price on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $79.69.

Shell Trading Down 1.9 %

Shares of Shell stock opened at $65.39 on Friday. The firm has a market cap of $199.92 billion, a PE ratio of 13.45, a P/E/G ratio of 5.89 and a beta of 0.55. 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 business’s fifty day moving average is $64.23 and its two-hundred day moving average is $67.62. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same period in the prior year, the firm posted $1.86 EPS. Analysts anticipate that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.21%. Shell’s dividend payout ratio is currently 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.