Shell plc (NYSE:SHEL) Shares Purchased by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. raised its position in Shell plc (NYSE:SHEL) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,954 shares of the energy company’s stock after purchasing an additional 375 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Shell were worth $2,315,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SHEL. FMR LLC grew its holdings 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 worth $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Fisher Asset Management LLC increased its stake in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after purchasing an additional 507,311 shares during the period. Franklin Resources Inc. boosted its position in Shell by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after buying an additional 55,637 shares during the period. Mawer Investment Management Ltd. increased its holdings in Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after purchasing an additional 422,329 shares during the period. Finally, Holocene Advisors LP raised its position in Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after purchasing an additional 866,954 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.2 %

SHEL opened at $67.26 on Friday. The stock has a market capitalization of $204.55 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a one year low of $60.15 and a one year high of $74.61. The business’s 50-day simple moving average is $65.23 and its 200-day simple moving average is $66.70.

Shell (NYSE:SHEL) last issued 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%. Analysts anticipate that Shell plc will post 7.67 EPS for the current 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 given a dividend of $0.716 per share. 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 4.26%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is presently 56.97%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wolfe Research upgraded 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 cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.