Shell plc (NYSE:SHEL) Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its position in shares of Shell plc (NYSE:SHEL) by 12.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,111 shares of the energy company’s stock after acquiring an additional 1,986 shares during the period. Wedbush Securities Inc.’s holdings in Shell were worth $1,135,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Shell by 482.3% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,102 shares of the energy company’s stock valued at $1,573,000 after acquiring an additional 20,791 shares in the last quarter. Smith Moore & CO. grew its position in Shell by 85.0% in the 4th quarter. Smith Moore & CO. now owns 7,840 shares of the energy company’s stock valued at $491,000 after buying an additional 3,603 shares in the last quarter. Pitcairn Co. grew its position in Shell by 5.1% in the 4th quarter. Pitcairn Co. now owns 47,490 shares of the energy company’s stock valued at $2,975,000 after buying an additional 2,292 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of Shell by 14.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 4,451 shares of the energy company’s stock worth $279,000 after buying an additional 561 shares in the last quarter. Finally, World Investment Advisors lifted its stake in shares of Shell by 58.5% in the 4th quarter. World Investment Advisors now owns 8,868 shares of the energy company’s stock worth $556,000 after acquiring an additional 3,274 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 8.1 %

NYSE SHEL opened at $64.13 on Monday. The firm’s 50 day moving average price is $68.12 and its two-hundred day moving average price is $66.52. 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 twelve month low of $58.92 and a twelve month high of $74.61. The stock has a market cap of $193.92 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.98 and a beta of 0.27.

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%. Equities analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were paid a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.47%. The ex-dividend date was Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SHEL. 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 report on Friday, January 3rd. TD Cowen started coverage on Shell in a research note on Wednesday, March 19th. They set a “buy” rating and a $81.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 26th. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, TD Securities raised their target price on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $80.10.

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.