Advocate Group LLC Purchases 1,385 Shares of Shell plc (NYSE:SHEL)

Advocate Group LLC raised its position in shares of Shell plc (NYSE:SHEL) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,305 shares of the energy company’s stock after purchasing an additional 1,385 shares during the period. Advocate Group LLC’s holdings in Shell were worth $4,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grange Capital LLC bought a new position in shares of Shell in the 4th quarter worth $276,000. Grimes & Company Inc. grew its stake in Shell by 9.5% during the 4th quarter. Grimes & Company Inc. now owns 9,921 shares of the energy company’s stock valued at $622,000 after purchasing an additional 859 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in Shell by 26.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,635 shares of the energy company’s stock valued at $416,000 after purchasing an additional 1,392 shares during the last quarter. apricus wealth LLC boosted its stake in shares of Shell by 4.5% in the fourth quarter. apricus wealth LLC now owns 26,340 shares of the energy company’s stock worth $1,650,000 after buying an additional 1,130 shares during the last quarter. Finally, Encompass More Asset Management boosted its stake in shares of Shell by 6.2% in the fourth quarter. Encompass More Asset Management now owns 7,747 shares of the energy company’s stock worth $485,000 after buying an additional 453 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of Shell stock opened at $65.39 on Friday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a market cap of $199.92 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 5.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The business’s 50 day moving average price is $64.23 and its 200 day moving average price is $67.62.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The firm had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. During the same quarter last year, the business posted $1.86 earnings per share. On average, research analysts predict that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.21%. Shell’s payout ratio is 56.58%.

Analysts Set New Price Targets

A number of analysts have recently commented on SHEL shares. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, January 3rd. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $79.69.

About Shell

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.