CWA Asset Management Group LLC Makes New Investment in Shell plc (NYSE:SHEL)

CWA Asset Management Group LLC bought a new position in Shell plc (NYSE:SHEL – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,400 shares of the energy company’s stock, valued at approximately $421,000.

Several other large investors have also recently added to or reduced their stakes in SHEL. Acadian Asset Management LLC bought a new position in shares of Shell in the first quarter worth $443,000. Yousif Capital Management LLC bought a new position in shares of Shell in the first quarter worth $3,322,000. Synovus Financial Corp bought a new position in shares of Shell in the first quarter worth $1,018,000. Vontobel Holding Ltd. bought a new position in shares of Shell in the first quarter worth $791,000. Finally, Blair William & Co. IL bought a new position in shares of Shell in the first quarter worth $2,090,000. 7.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Shell from GBX 2,900 ($35.34) to GBX 2,950 ($35.95) in a research note on Friday, December 2nd. Wolfe Research cut Shell from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 12th. The Goldman Sachs Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Monday, February 27th. Berenberg Bank raised their target price on Shell from GBX 2,900 ($35.34) to GBX 3,000 ($36.56) in a research note on Friday, February 17th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Shell from GBX 2,761 ($33.65) to GBX 2,987 ($36.40) in a report on Tuesday, December 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2,879.86.

Shell Trading Down 1.3 %

Shares of NYSE SHEL opened at $53.95 on Friday. Shell plc has a 12 month low of $44.90 and a 12 month high of $62.75. The company has a market cap of $194.07 billion, a price-to-earnings ratio of 4.72, a P/E/G ratio of 0.60 and a beta of 0.65. The company has a quick ratio of 1.10, a current ratio of 1.37 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $59.59 and a 200-day simple moving average of $56.22.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Friday, February 17th will be paid a $0.575 dividend. This is an increase from Shell’s previous quarterly dividend of $0.50. This represents a $2.30 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Thursday, February 16th. Shell’s dividend payout ratio is currently 20.14%.

Shell Profile

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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 necessary to deliver gas to market.