Stonebridge Financial Group LLC Takes $100,000 Position in Shell plc (NYSE:SHEL)

Stonebridge Financial Group LLC acquired a new stake in shares of Shell plc (NYSE:SHEL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,598 shares of the energy company’s stock, valued at approximately $100,000.

Several other large investors have also recently bought and sold shares of SHEL. Valley National Advisers Inc. raised 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 worth $27,000 after purchasing an additional 400 shares during the period. Fortitude Family Office LLC acquired a new stake in Shell during the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell in the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Shell during the third quarter worth $35,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Shell by 40.8% during the third 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 period. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL opened at $66.75 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm has a 50-day moving average of $64.42 and a 200-day moving average of $67.00. The company has a market cap of $204.09 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is currently 54.78%.

Analysts Set New Price Targets

A number of research firms have issued reports on SHEL. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $79.11.

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.