7,000 Shares in Shell plc (NYSE:SHEL) Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. purchased a new stake in Shell plc (NYSE:SHEL) during the 4th quarter, HoldingsChannel reports. The firm purchased 7,000 shares of the energy company’s stock, valued at approximately $439,000. Shell accounts for about 0.2% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 29th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Procyon Advisors LLC increased its stake in Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after acquiring an additional 159 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the period. Doliver Advisors LP grew its position in Shell by 5.2% in the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after acquiring an additional 180 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of Shell by 2.5% during the third quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after purchasing an additional 196 shares during the last quarter. Finally, Bridge Creek Capital Management LLC boosted its holdings in Shell by 0.4% in the fourth quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company’s stock valued at $3,353,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.4 %

NYSE:SHEL opened at $65.12 on Tuesday. The firm has a market capitalization of $199.11 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth 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. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock’s 50 day moving average price is $64.21 and its two-hundred day moving average price is $67.50.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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. Shell had a net margin of 5.17% and a return on equity of 14.54%. The firm had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. Equities research analysts expect that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.23%. Shell’s dividend payout ratio is 56.58%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank cut their target price 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. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company cut their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. 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. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. One equities research 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 stock has a consensus rating of “Buy” and an average target price of $79.69.

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.