Mather Group LLC. Acquires 1,512 Shares of Shell plc (NYSE:SHEL)

Mather Group LLC. raised its holdings in shares of Shell plc (NYSE:SHEL) by 10.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,686 shares of the energy company’s stock after acquiring an additional 1,512 shares during the quarter. Mather Group LLC.’s holdings in Shell were worth $1,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Valley National Advisers Inc. grew its position in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the period. Fortitude Family Office LLC bought a new position in Shell during the third quarter worth about $30,000. Valley Wealth Managers Inc. acquired a new position in Shell during the third quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the third quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SHEL shares. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Piper Sandler cut their price objective 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. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. One 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Trading Up 2.3 %

Shares of Shell stock opened at $66.66 on Wednesday. The firm’s 50-day moving average price is $64.21 and its two-hundred day moving average price is $67.19. The company has a market capitalization of $203.80 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 6.57 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data 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 net margin of 5.57% and a return on equity of 12.75%. On average, analysts forecast that Shell plc will post 7.27 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 54.78%.

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.