Shell plc (NYSE:SHEL) Shares Bought by HUB Investment Partners LLC

HUB Investment Partners LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 7.0% in the fourth quarter, HoldingsChannel reports. The fund owned 12,326 shares of the energy company’s stock after buying an additional 805 shares during the period. HUB Investment Partners LLC’s holdings in Shell were worth $772,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Whittier Trust Co. boosted its position in Shell by 32.1% during the 4th quarter. Whittier Trust Co. now owns 28,859 shares of the energy company’s stock worth $1,808,000 after acquiring an additional 7,008 shares during the period. Sandy Spring Bank boosted its position in Shell by 0.6% during the 4th quarter. Sandy Spring Bank now owns 117,392 shares of the energy company’s stock worth $7,355,000 after acquiring an additional 715 shares during the period. Foresight Global Investors Inc. boosted its position in Shell by 1.8% during the 4th quarter. Foresight Global Investors Inc. now owns 110,194 shares of the energy company’s stock worth $6,904,000 after acquiring an additional 2,000 shares during the period. Stokes Family Office LLC boosted its position in Shell by 5.4% during the 4th quarter. Stokes Family Office LLC now owns 4,489 shares of the energy company’s stock worth $281,000 after acquiring an additional 229 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of Shell by 2.1% in the 4th quarter. Horizon Investments LLC now owns 10,829 shares of the energy company’s stock worth $678,000 after buying an additional 226 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.5 %

NYSE:SHEL opened at $71.91 on Friday. The firm has a market capitalization of $217.43 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $66.92 and its 200 day moving average price is $66.26.

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 the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, sell-side analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 3.98%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 56.97%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of research reports. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. 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, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.