Denali Advisors LLC Has $1.07 Million Stake in Shell plc (NYSE:SHEL)

Denali Advisors LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,001 shares of the energy company’s stock after acquiring an additional 182 shares during the quarter. Denali Advisors LLC’s holdings in Shell were worth $1,065,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Valley National Advisers Inc. increased its holdings in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Shell in the 3rd quarter valued at $30,000. Human Investing LLC bought a new stake in Shell during the 4th quarter valued at $31,000. Valley Wealth Managers Inc. bought a new position in shares of Shell in the third quarter valued at $33,000. Finally, Brooklyn Investment Group acquired a new position in shares of Shell during the third quarter valued at about $35,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Shell Stock Up 0.9 %

SHEL opened at $67.49 on Thursday. The company’s 50-day moving average price is $65.09 and its two-hundred day moving average price is $66.70. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock has a market cap of $205.24 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last released its 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 return on equity of 12.75% and a net margin of 5.57%. As a group, equities analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.24%. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Shell Company 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.