Moors & Cabot Inc. Increases Stock Holdings in Shell plc (NYSE:SHEL)

Moors & Cabot Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,810 shares of the energy company’s stock after buying an additional 853 shares during the period. Moors & Cabot Inc.’s holdings in Shell were worth $2,995,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SHEL. Valley National Advisers Inc. boosted its position in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the last quarter. Human Investing LLC purchased a new position in shares of Shell during the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. purchased a new position in shares of Shell during the third quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in Shell in the third quarter worth $35,000. Finally, Sierra Ocean LLC purchased a new position in Shell in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SHEL shares. Morgan Stanley raised 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 report on Tuesday, January 7th. Wolfe Research raised 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. Wells Fargo & Company cut their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $79.11.

Shell Stock Performance

NYSE:SHEL opened at $67.42 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The firm has a market cap of $205.04 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.47. The business’s fifty day moving average is $66.26 and its 200 day moving average is $66.31.

Shell (NYSE:SHEL) last released its quarterly earnings data 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 5.57% and a return on equity of 12.75%. Research analysts predict 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 paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.25%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is presently 56.97%.

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.