Miracle Mile Advisors LLC Acquires 8,655 Shares of Shell plc (NYSE:SHEL)

Miracle Mile Advisors LLC increased its holdings in Shell plc (NYSE:SHEL) by 62.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,439 shares of the energy company’s stock after purchasing an additional 8,655 shares during the period. Miracle Mile Advisors LLC’s holdings in Shell were worth $1,406,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SHEL. Coronation Fund Managers Ltd. boosted its position in Shell by 7.6% in the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after purchasing an additional 1,068 shares during the last quarter. Rhumbline Advisers boosted its position in Shell by 9.8% in the second quarter. Rhumbline Advisers now owns 35,107 shares of the energy company’s stock worth $2,534,000 after purchasing an additional 3,143 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in Shell by 7.4% in the second quarter. J.W. Cole Advisors Inc. now owns 12,861 shares of the energy company’s stock worth $928,000 after purchasing an additional 887 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Shell by 7.6% in the second quarter. Brown Brothers Harriman & Co. now owns 84,293 shares of the energy company’s stock worth $6,084,000 after purchasing an additional 5,962 shares during the last quarter. Finally, Lmcg Investments LLC boosted its position in Shell by 2.9% in the second quarter. Lmcg Investments LLC now owns 157,010 shares of the energy company’s stock worth $11,333,000 after purchasing an additional 4,394 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of NYSE SHEL opened at $66.01 on Wednesday. The firm’s fifty day moving average is $64.28 and its two-hundred day moving average is $67.92. 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 has a market cap of $203.13 billion, a P/E ratio of 13.58, a P/E/G ratio of 4.84 and a beta of 0.55.

Shell Dividend Announcement

The firm 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 4.17%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SHEL. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Scotiabank decreased 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 report on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.