Horizon Investments LLC Has $678,000 Stock Holdings in Shell plc (NYSE:SHEL)

Horizon Investments LLC grew its holdings in Shell plc (NYSE:SHEL) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 10,829 shares of the energy company’s stock after buying an additional 226 shares during the period. Horizon Investments LLC’s holdings in Shell were worth $678,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. increased its stake in 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 acquiring an additional 400 shares during the period. Human Investing LLC bought a new position in shares of Shell in the fourth quarter worth $31,000. Brooklyn Investment Group acquired a new position in Shell in the third quarter valued at about $35,000. Sierra Ocean LLC bought a new stake in Shell during the fourth quarter worth about $39,000. Finally, Kieckhefer Group LLC bought a new position in Shell in the 4th quarter valued at about $40,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

NYSE:SHEL opened at $71.56 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm has a market cap of $216.39 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The business’s fifty day moving average is $66.78 and its 200 day moving average is $66.22.

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

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.00%. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SHEL shares. TD Cowen started coverage on Shell in a report on Wednesday. They issued a “buy” rating and a $81.00 target price on the stock. Wells Fargo & Company reduced their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. TD Securities lifted their price target on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $79.48.

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.