Crestwood Advisors Group LLC Grows Stock Position in Shell plc (NYSE:SHEL)

Crestwood Advisors Group LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,369 shares of the energy company’s stock after purchasing an additional 1,556 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Shell were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHEL. Allspring Global Investments Holdings LLC grew its stake in shares of Shell by 45.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,181 shares of the energy company’s stock valued at $1,067,000 after acquiring an additional 5,050 shares during the period. International Assets Investment Management LLC grew its stake in shares of Shell by 6,510.1% during the 3rd quarter. International Assets Investment Management LLC now owns 352,649 shares of the energy company’s stock valued at $23,257,000 after acquiring an additional 347,314 shares during the period. NorthCrest Asset Manangement LLC grew its stake in shares of Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the period. Finally, Modera Wealth Management LLC grew its stake in shares of Shell by 8.5% during the 3rd quarter. Modera Wealth Management LLC now owns 6,123 shares of the energy company’s stock valued at $404,000 after acquiring an additional 482 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SHEL shares. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price target 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 dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $79.11.

Shell Stock Up 0.1 %

Shares of SHEL opened at $66.94 on Wednesday. The stock has a market capitalization of $203.57 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The business’s 50 day simple moving average is $65.09 and its 200-day simple moving average is $66.70. 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 released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.28%. The ex-dividend date is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is presently 56.97%.

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.