Lawson Kroeker Investment Management Inc. NE Has $352,000 Stock Position in Shell plc (NYSE:SHEL)

Lawson Kroeker Investment Management Inc. NE reduced its position in Shell plc (NYSE:SHEL) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,615 shares of the energy company’s stock after selling 265 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in Shell were worth $352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in shares of Shell in the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. bought a new position in shares of Shell in the 3rd quarter worth $33,000. Brooklyn Investment Group bought a new position in shares of Shell in the 3rd quarter worth $35,000. GHP Investment Advisors Inc. boosted its position in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new position in shares of Shell in the 4th quarter worth $40,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Wolfe Research upgraded 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. Finally, Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. One investment 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 company currently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Price Performance

NYSE:SHEL opened at $64.68 on Thursday. 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 stock’s 50-day simple moving average is $64.17 and its 200 day simple moving average is $67.42. The company has a market cap of $197.76 billion, a P/E ratio of 13.31, a P/E/G ratio of 5.89 and a beta of 0.55. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.17% and a return on equity of 14.54%. As a group, sell-side analysts forecast that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) 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.