Iams Wealth Management LLC Grows Stake in Shell plc (NYSE:SHEL)

Iams Wealth Management LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 21.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,545 shares of the energy company’s stock after buying an additional 5,362 shares during the quarter. Iams Wealth Management LLC’s holdings in Shell were worth $1,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SHEL. Brighton Jones LLC grew its stake in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after buying an additional 2,545 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in shares of Shell by 6.4% in 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. grew its position in shares of Shell by 1.5% in 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 buying an additional 46,293 shares during the last quarter. HF Advisory Group LLC grew its position in Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Creative Planning grew its position in Shell by 11.3% during the 2nd 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. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHEL has been the topic of several analyst reports. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Buy” and a consensus target price of $79.69.

Shell Price Performance

SHEL stock opened at $64.52 on Wednesday. The firm has a 50-day moving average of $64.19 and a two-hundred day moving average of $67.44. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $197.27 billion, a PE ratio of 13.26, a P/E/G ratio of 5.89 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, topping 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 firm had revenue of $72.46 billion during the quarter, compared to analyst estimates of $84.58 billion. During the same quarter in the previous year, the business earned $1.86 EPS. On average, analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.27%. Shell’s payout ratio is presently 56.58%.

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.