Allied Investment Advisors LLC Has $10.88 Million Stock Position in Shell plc (NYSE:SHEL)

Allied Investment Advisors LLC boosted its position in shares of Shell plc (NYSE:SHEL) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,687 shares of the energy company’s stock after acquiring an additional 1,394 shares during the period. Shell accounts for 2.2% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Allied Investment Advisors LLC’s holdings in Shell were worth $10,881,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Foster Group Inc. raised its stake in Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after purchasing an additional 162 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the last quarter. Warther Private Wealth LLC lifted its stake in shares of Shell by 5.5% in the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after buying an additional 169 shares during the period. Klingman & Associates LLC increased its stake in Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares during the period. Finally, RHS Financial LLC lifted its position in shares of Shell by 3.1% in the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after acquiring an additional 173 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Up 1.1 %

Shares of NYSE SHEL opened at $67.87 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market cap of $206.40 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The firm’s 50-day simple moving average is $64.61 and its 200 day simple moving average is $66.85.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, research analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.22%. Shell’s payout ratio is 56.97%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $79.11.

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.