Shell plc (NYSE:SHEL) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,008,002 shares of the energy company’s stock after purchasing an additional 32,603 shares during the quarter. Pacer Advisors Inc.’s holdings in Shell were worth $63,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fortitude Family Office LLC purchased a new position in Shell in the third quarter valued at about $30,000. Valley Wealth Managers Inc. acquired a new position in Shell during the third quarter worth $33,000. Brooklyn Investment Group acquired a new stake in Shell in the third quarter valued at $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 buying an additional 163 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in shares of Shell during the 4th quarter worth $40,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. One research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $79.69.

Shell Price Performance

Shell stock opened at $65.12 on Tuesday. 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 has a market cap of $199.11 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 5.89 and a beta of 0.55. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm has a 50 day moving average price of $64.21 and a 200 day moving average price of $67.50.

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

Shell Announces Dividend

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

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.