Empirical Asset Management LLC Takes Position in Shell plc (NYSE:SHEL)

Empirical Asset Management LLC acquired a new position in Shell plc (NYSE:SHEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 46,876 shares of the energy company’s stock, valued at approximately $2,937,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEL. Stolper Co lifted its stake in shares of Shell by 1.3% during the fourth quarter. Stolper Co now owns 28,735 shares of the energy company’s stock worth $1,800,000 after buying an additional 373 shares during the period. Sendero Wealth Management LLC lifted its position in Shell by 2.7% during the 4th quarter. Sendero Wealth Management LLC now owns 23,858 shares of the energy company’s stock worth $1,495,000 after acquiring an additional 638 shares during the period. Laurel Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 461 shares during the period. Park Avenue Securities LLC raised its stake in shares of Shell by 40.8% in the fourth quarter. Park Avenue Securities LLC now owns 66,911 shares of the energy company’s stock worth $4,192,000 after purchasing an additional 19,373 shares during the last quarter. Finally, Pines Wealth Management LLC purchased a new stake in Shell in the fourth quarter valued at approximately $717,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SHEL. Scotiabank dropped their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company decreased their target price on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Piper Sandler dropped their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $79.69.

Shell Stock Up 0.4 %

Shares of NYSE:SHEL opened at $66.74 on Friday. The company has a market capitalization of $205.36 billion, a P/E ratio of 13.73, a P/E/G ratio of 5.60 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 stock’s fifty day simple moving average is $64.19 and its 200-day simple moving average is $67.86. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.12%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Shell Company 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.