Choreo LLC Purchases 13,617 Shares of Shell plc (NYSE:SHEL)

Choreo LLC increased its holdings in Shell plc (NYSE:SHEL) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,225 shares of the energy company’s stock after acquiring an additional 13,617 shares during the quarter. Choreo LLC’s holdings in Shell were worth $5,644,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHEL. Valley National Advisers Inc. lifted its stake in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Shell during the third quarter valued at about $30,000. Valley Wealth Managers Inc. purchased a new position in shares of Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell during the third quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. grew its holdings in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL opened at $66.55 on Thursday. The company has a market capitalization of $203.49 billion, a P/E ratio of 13.26, a P/E/G ratio of 6.57 and a beta of 0.54. The business’s 50-day moving average is $64.25 and its two-hundred day moving average is $67.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Research analysts predict that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.30%. Shell’s payout ratio is presently 54.78%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research 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 research note on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Scotiabank decreased their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Wells Fargo & Company cut their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus price target 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.