Hanson & Doremus Investment Management Increases Stock Holdings in Shell plc (NYSE:SHEL)

Hanson & Doremus Investment Management increased its position in shares of Shell plc (NYSE:SHEL) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,906 shares of the energy company’s stock after acquiring an additional 969 shares during the period. Hanson & Doremus Investment Management’s holdings in Shell were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. FMR LLC grew its position in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after buying an additional 3,255,347 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Shell by 188.0% during the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after buying an additional 1,967,672 shares in the last quarter. Holocene Advisors LP boosted its stake in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after purchasing an additional 866,954 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Shell in the 3rd quarter worth $37,274,000. Finally, Fisher Asset Management LLC lifted its stake in shares of Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after acquiring an additional 507,311 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

SHEL stock opened at $64.68 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a market cap of $197.76 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The stock’s fifty day moving average price is $64.17 and its 200-day moving average price is $67.42.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The business had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. During the same period in the previous year, the company posted $1.86 EPS. On average, equities analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.25%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of brokerages have issued reports on SHEL. Piper Sandler cut their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company cut their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $79.69.

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.