Concurrent Investment Advisors LLC grew its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 27.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,916 shares of the energy company's stock after purchasing an additional 8,184 shares during the period. Concurrent Investment Advisors LLC's holdings in Shell were worth $2,375,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Shell in the 3rd quarter worth about $121,000. Allspring Global Investments Holdings LLC boosted its position in shares of Shell by 45.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,181 shares of the energy company's stock worth $1,067,000 after buying an additional 5,050 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Shell by 18.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,142 shares of the energy company's stock worth $273,000 after buying an additional 641 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Shell by 6,510.1% in the 3rd quarter. International Assets Investment Management LLC now owns 352,649 shares of the energy company's stock worth $23,257,000 after buying an additional 347,314 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Shell by 7.0% in the 3rd quarter. CENTRAL TRUST Co now owns 27,199 shares of the energy company's stock worth $1,794,000 after buying an additional 1,785 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE SHEL traded down $1.71 on Friday, reaching $66.67. 3,329,664 shares of the company traded hands, compared to its average volume of 3,694,622. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a 50 day moving average of $64.89 and a 200 day moving average of $66.81. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $202.75 billion, a PE ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 0.54.
Shell (NYSE:SHEL - Get Free Report) last posted its earnings results 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 return on equity of 12.75% and a net margin of 5.57%. On average, equities research analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. 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 an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio is 56.97%.
Several equities research analysts recently commented on SHEL shares. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price 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, Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $79.11.
Get Our Latest Report on SHEL
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.
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