Shell plc (NYSE:SHEL) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its stake in shares of Shell plc (NYSE:SHEL) by 27.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 37,916 shares of the energy company’s stock after purchasing an additional 8,184 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Shell were worth $2,375,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. increased its holdings in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC acquired a new position in Shell in the 3rd quarter worth approximately $30,000. Human Investing LLC acquired a new position in Shell in the 4th quarter worth approximately $31,000. Valley Wealth Managers Inc. acquired a new position in Shell in the 3rd quarter worth approximately $33,000. Finally, Brooklyn Investment Group acquired a new position in Shell in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 2.5 %

Shares of NYSE:SHEL opened at $66.67 on Friday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm has a market capitalization of $202.75 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The business’s 50 day moving average price is $64.89 and its 200-day moving average price is $66.81.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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 research analysts forecast that Shell plc will post 7.67 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 is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.30%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SHEL shares. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Piper Sandler dropped 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. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.