Brooklyn Investment Group Raises Stake in Shell plc (NYSE:SHEL)

Brooklyn Investment Group raised its holdings in shares of Shell plc (NYSE:SHEL) by 326.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,272 shares of the energy company’s stock after purchasing an additional 1,739 shares during the period. Brooklyn Investment Group’s holdings in Shell were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC increased its stake in Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after purchasing an additional 225 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after purchasing an additional 46,293 shares during the last quarter. Creative Planning raised its stake in shares of Shell by 11.3% in the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after purchasing an additional 29,677 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Shell by 8.7% during the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after purchasing an additional 422,329 shares in the last quarter. Finally, Inspire Trust Co. N.A. increased its holdings in Shell by 26.9% in the 3rd quarter. Inspire Trust Co. N.A. now owns 52,439 shares of the energy company’s stock worth $3,458,000 after buying an additional 11,105 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 0.4 %

Shell stock opened at $66.74 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The firm has a market capitalization of $205.36 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 5.60 and a beta of 0.55. The firm has a 50 day moving average of $64.19 and a 200 day moving average of $67.82.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. Shell’s dividend payout ratio is presently 56.58%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SHEL shares. Scotiabank dropped their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Piper Sandler dropped 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. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $79.69.

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.