Absher Wealth Management LLC Buys 9,662 Shares of Shell plc (NYSE:SHEL)

Absher Wealth Management LLC lifted its stake in shares of Shell plc (NYSE:SHEL) by 69.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,617 shares of the energy company’s stock after purchasing an additional 9,662 shares during the period. Absher Wealth Management LLC’s holdings in Shell were worth $1,480,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC increased its holdings 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 worth $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Shell by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. grew its position in Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after acquiring an additional 422,329 shares in the last quarter. Finally, Holocene Advisors LP lifted its stake in Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.1 %

NYSE:SHEL opened at $66.55 on Thursday. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market capitalization of $203.49 billion, a PE ratio of 13.26, a P/E/G ratio of 6.57 and a beta of 0.54. The firm’s 50-day moving average price is $64.25 and its 200-day moving average price is $67.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, equities analysts predict that Shell plc will post 7.27 EPS 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 issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.30%. Shell’s payout ratio is 54.78%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Scotiabank decreased their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Piper Sandler lowered their price target 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. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.11.

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.