Shell plc (NYSE:SHEL) Shares Bought by Adero Partners LLC

Adero Partners LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,621 shares of the energy company’s stock after purchasing an additional 552 shares during the period. Adero Partners LLC’s holdings in Shell were worth $227,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SHEL. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in Shell in the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell in the 3rd quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. grew its stake in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.6 %

Shares of Shell stock opened at $66.11 on Friday. The company has a fifty day moving average price of $64.25 and a 200 day moving average price of $67.18. The company has a current ratio of 1.35, a quick ratio of 1.10 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 $202.13 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 6.57 and a beta of 0.54.

Shell (NYSE:SHEL) last announced its quarterly earnings results 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 return on equity of 12.75% and a net margin of 5.57%. Equities research analysts forecast that Shell plc will post 7.27 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed 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 represents a $2.86 dividend on an annualized basis and a yield of 4.33%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 54.78%.

Analyst Ratings Changes

Several research firms have commented on SHEL. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus price target 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.