Fielder Capital Group LLC Buys 766 Shares of Shell plc (NYSE:SHEL)

Fielder Capital Group LLC raised its stake in Shell plc (NYSE:SHEL) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,113 shares of the energy company’s stock after acquiring an additional 766 shares during the period. Fielder Capital Group LLC’s holdings in Shell were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SHEL. Valley National Advisers Inc. lifted its position in Shell by 930.2% during the fourth 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 period. Fortitude Family Office LLC bought a new stake in shares of Shell during the 3rd quarter worth approximately $30,000. Human Investing LLC bought a new position in Shell in the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new position in Shell during the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at $35,000. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. One 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 MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $79.11.

Shell Trading Down 0.2 %

NYSE SHEL opened at $67.26 on Friday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $204.55 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The business’s 50-day moving average price is $65.23 and its two-hundred day moving average price is $66.70.

Shell (NYSE:SHEL) last released its 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 net margin of 5.57% and a return on equity of 12.75%. On average, analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.26%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is 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.