Altman Advisors Inc. Raises Holdings in Shell plc (NYSE:SHEL)

Altman Advisors Inc. raised its stake in shares of Shell plc (NYSE:SHEL) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,166 shares of the energy company’s stock after buying an additional 622 shares during the quarter. Altman Advisors Inc.’s holdings in Shell were worth $1,514,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after buying an additional 408,088 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Shell by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock valued at $500,123,000 after buying an additional 238,705 shares during the period. Franklin Resources Inc. boosted its position in Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock worth $377,352,000 after acquiring an additional 50,228 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Shell by 1.0% in the 4th quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company’s stock valued at $190,772,000 after acquiring an additional 30,844 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SHEL. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. Barclays reissued an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. TD Securities reaffirmed a “buy” rating on shares of Shell in a research note on Friday, April 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Shell from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $77.73.

Shell Stock Up 3.8 %

Shares of Shell stock opened at $62.05 on Friday. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. The stock has a market cap of $187.61 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. 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 company has a fifty day moving average price of $67.56 and a 200 day moving average price of $66.20.

Shell (NYSE:SHEL) last issued its 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 return on equity of 12.75% and a net margin of 5.57%. 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 announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a $0.716 dividend. The ex-dividend date was Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.62%. Shell’s dividend payout ratio is 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.