Stolper Co Increases Stock Position in Shell plc (NYSE:SHEL)

Stolper Co grew its position in shares of Shell plc (NYSE:SHEL) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,735 shares of the energy company’s stock after acquiring an additional 373 shares during the period. Stolper Co’s holdings in Shell were worth $1,800,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sendero Wealth Management LLC lifted its holdings in Shell by 2.7% in the 4th quarter. Sendero Wealth Management LLC now owns 23,858 shares of the energy company’s stock worth $1,495,000 after buying an additional 638 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in Shell by 27.1% in the fourth quarter. Laurel Wealth Advisors LLC now owns 2,165 shares of the energy company’s stock valued at $136,000 after acquiring an additional 461 shares in the last quarter. Park Avenue Securities LLC increased its position in Shell by 40.8% during the 4th quarter. Park Avenue Securities LLC now owns 66,911 shares of the energy company’s stock valued at $4,192,000 after purchasing an additional 19,373 shares during the period. Pines Wealth Management LLC purchased a new stake in shares of Shell in the 4th quarter worth about $717,000. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Shell by 62.8% during the 4th quarter. Miracle Mile Advisors LLC now owns 22,439 shares of the energy company’s stock valued at $1,406,000 after purchasing an additional 8,655 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

SHEL stock opened at $66.39 on Thursday. The stock has a market capitalization of $204.30 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55. The stock’s 50 day simple moving average is $64.24 and its 200 day simple moving average is $67.91. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.15%. Shell’s payout ratio is 56.58%.

Wall Street Analyst Weigh In

SHEL has been the subject of several research analyst reports. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company decreased their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. One 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 company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $79.69.

About Shell

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.