Key Financial Inc Has $52,000 Stake in Shell plc (NYSE:SHEL)

Key Financial Inc increased its position in shares of Shell plc (NYSE:SHEL) by 63.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 789 shares of the energy company’s stock after acquiring an additional 307 shares during the quarter. Key Financial Inc’s holdings in Shell were worth $52,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Tyche Wealth Partners LLC bought a new position in Shell during the 4th quarter worth approximately $247,000. Keel Point LLC lifted its stake in Shell by 20.4% in the fourth quarter. Keel Point LLC now owns 4,940 shares of the energy company’s stock valued at $325,000 after buying an additional 838 shares in the last quarter. Bison Wealth LLC lifted its position in shares of Shell by 8.0% in the fourth quarter. Bison Wealth LLC now owns 35,041 shares of the energy company’s stock worth $2,306,000 after purchasing an additional 2,590 shares in the last quarter. Cullen Investment Group LTD. bought a new stake in shares of Shell in the fourth quarter worth $1,633,000. Finally, BOK Financial Private Wealth Inc. increased its holdings in Shell by 22.3% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 1,273 shares of the energy company’s stock worth $84,000 after buying an additional 232 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.2 %

Shares of Shell stock opened at $71.31 on Thursday. The firm has a 50-day moving average of $66.37 and a 200-day moving average of $65.45. The stock has a market cap of $229.45 billion, a PE ratio of 12.57, a PEG ratio of 2.17 and a beta of 0.62. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. The company had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter in the previous year, the business posted $2.76 earnings per share. As a group, sell-side analysts forecast that Shell plc will post 8.18 EPS for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.71%. Shell’s dividend payout ratio is 48.59%.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

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.