Shell plc (NYSE:SHEL) Shares Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC grew its position in Shell plc (NYSE:SHEL) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,326 shares of the energy company’s stock after purchasing an additional 805 shares during the period. HUB Investment Partners LLC’s holdings in Shell were worth $772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SHEL. OneDigital Investment Advisors LLC lifted its stake in shares of Shell by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after purchasing an additional 196 shares in the last quarter. Caprock Group LLC lifted its stake in shares of Shell by 3.5% in the 3rd quarter. Caprock Group LLC now owns 30,072 shares of the energy company’s stock valued at $1,983,000 after purchasing an additional 1,012 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Shell by 1.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 890,180 shares of the energy company’s stock valued at $58,707,000 after purchasing an additional 14,690 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Shell in the 3rd quarter valued at about $4,695,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Shell by 60.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,482 shares of the energy company’s stock valued at $889,000 after purchasing an additional 5,104 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the topic of several analyst reports. TD Cowen initiated coverage on Shell in a report on Wednesday. They set a “buy” rating and a $81.00 target price on the stock. Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. 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. TD Securities raised their target price on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $79.48.

Shell Price Performance

Shares of SHEL opened at $71.91 on Friday. The firm has a market cap of $217.43 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.98 and a beta of 0.47. The stock has a 50 day moving average of $66.92 and a 200-day moving average of $66.26. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 3.98%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

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.