Shell plc (NYSE:SHEL) Stake Raised by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,442 shares of the energy company’s stock after buying an additional 906 shares during the period. Capital Investment Advisory Services LLC’s holdings in Shell were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. FAS Wealth Partners Inc. raised its holdings in shares of Shell by 2.8% during the third quarter. FAS Wealth Partners Inc. now owns 6,179 shares of the energy company’s stock valued at $398,000 after buying an additional 168 shares during the last quarter. Founders Capital Management raised its holdings in Shell by 25.4% during the fourth quarter. Founders Capital Management now owns 830 shares of the energy company’s stock worth $55,000 after purchasing an additional 168 shares in the last quarter. Osborne Partners Capital Management LLC raised its holdings in Shell by 1.0% during the third quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock worth $1,057,000 after purchasing an additional 169 shares in the last quarter. Abacus Planning Group Inc. raised its holdings in Shell by 3.5% during the fourth quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock worth $329,000 after purchasing an additional 169 shares in the last quarter. Finally, Roberts Wealth Advisors LLC raised its holdings in Shell by 0.7% during the fourth quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock worth $1,749,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.5 %

Shell stock opened at $72.76 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The firm has a market cap of $234.11 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94. The firm’s 50 day moving average price is $67.03 and its two-hundred day moving average price is $65.72.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter in the previous year, the business posted $2.76 earnings per share. On average, research analysts predict that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a $0.662 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.64%. Shell’s dividend payout ratio (DPR) is 48.59%.

Analysts Set New Price Targets

Separately, TheStreet raised Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

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.