Flagship Harbor Advisors LLC Has $944,000 Stock Position in Shell plc (NYSE:SHEL)

Flagship Harbor Advisors LLC lifted its stake in shares of Shell plc (NYSE:SHEL) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,065 shares of the energy company’s stock after acquiring an additional 322 shares during the period. Flagship Harbor Advisors LLC’s holdings in Shell were worth $944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fortitude Family Office LLC acquired a new stake in shares of Shell in the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. bought a new stake in Shell during the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new position in shares of Shell during the 3rd quarter worth about $35,000. GHP Investment Advisors Inc. increased its position in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in Shell by 567.0% during the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after acquiring an additional 533 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Down 0.4 %

SHEL stock opened at $65.12 on Tuesday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. 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 company’s 50-day simple moving average is $64.21 and its 200 day simple moving average is $67.50. The company has a market capitalization of $199.11 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The company had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, sell-side analysts anticipate that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

SHEL has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Scotiabank lowered their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $79.69.

Shell 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.