Grimes & Company Inc. Acquires 859 Shares of Shell plc (NYSE:SHEL)

Grimes & Company Inc. raised its holdings in Shell plc (NYSE:SHEL) by 9.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,921 shares of the energy company’s stock after acquiring an additional 859 shares during the quarter. Grimes & Company Inc.’s holdings in Shell were worth $622,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter worth $30,000. Valley Wealth Managers Inc. bought a new position in shares of Shell during the 3rd quarter worth $33,000. Brooklyn Investment Group purchased a new stake in shares of Shell during the 3rd quarter worth $35,000. GHP Investment Advisors Inc. lifted its stake 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 purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Shell during the 4th quarter worth $40,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SHEL. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $79.69.

Shell Trading Down 1.9 %

Shares of NYSE:SHEL opened at $65.39 on Friday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The stock has a market cap of $199.92 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 5.89 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $64.23 and a 200-day moving average price of $67.59.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.20. The firm had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same period last year, the business posted $1.86 earnings per share. Equities analysts predict that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

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.