AllSquare Wealth Management LLC Has $188,000 Stock Position in Shell plc (NYSE:SHEL)

AllSquare Wealth Management LLC decreased its position in Shell plc (NYSE:SHEL) by 40.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,000 shares of the energy company’s stock after selling 2,000 shares during the period. AllSquare Wealth Management LLC’s holdings in Shell were worth $188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Whittier Trust Co. of Nevada Inc. grew its position in shares of Shell by 11.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 25,139 shares of the energy company’s stock worth $1,575,000 after buying an additional 2,671 shares during the period. Palogic Value Management L.P. boosted its stake in Shell by 25.0% in the fourth quarter. Palogic Value Management L.P. now owns 75,602 shares of the energy company’s stock valued at $4,736,000 after acquiring an additional 15,120 shares during the last quarter. Holderness Investments Co. acquired a new stake in Shell during the 4th quarter worth $230,000. HUB Investment Partners LLC lifted its stake in shares of Shell by 7.0% in the 4th quarter. HUB Investment Partners LLC now owns 12,326 shares of the energy company’s stock valued at $772,000 after purchasing an additional 805 shares during the period. Finally, Whittier Trust Co. boosted its position in shares of Shell by 32.1% in the 4th quarter. Whittier Trust Co. now owns 28,859 shares of the energy company’s stock worth $1,808,000 after purchasing an additional 7,008 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHEL. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. TD Cowen started coverage on shares of Shell in a report on Wednesday. They set a “buy” rating and a $81.00 price objective for the company. Piper Sandler reduced their price target 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. TD Securities upped their price objective on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company decreased their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Buy” and an average price target of $79.48.

Shell Stock Up 0.5 %

Shares of Shell stock opened at $71.91 on Friday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The business’s 50 day simple moving average is $66.92 and its 200 day simple moving average is $66.26. The firm has a market cap of $217.43 billion, a PE ratio of 14.32, a P/E/G ratio of 0.98 and a beta of 0.47.

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 predict 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. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 3.98%. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Shell Company 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.