Shell plc (NYSE:SHEL) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its holdings in Shell plc (NYSE:SHEL) by 21.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,639 shares of the energy company’s stock after buying an additional 7,675 shares during the quarter. Bleakley Financial Group LLC’s holdings in Shell were worth $2,734,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Procyon Advisors LLC raised its holdings in Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after purchasing an additional 159 shares during the last quarter. Foster Group Inc. raised its holdings in Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in 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 purchasing an additional 163 shares during the last quarter. RHS Financial LLC raised its holdings in Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after purchasing an additional 173 shares during the last quarter. Finally, Doliver Advisors LP raised its holdings in Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after purchasing an additional 180 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company dropped their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $79.11.

Shell Price Performance

Shares of Shell stock opened at $66.11 on Friday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock has a market capitalization of $202.13 billion, a P/E ratio of 13.17, a PEG ratio of 6.57 and a beta of 0.54. 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 business’s fifty day moving average price is $64.25 and its 200 day moving average price is $67.18.

Shell (NYSE:SHEL) last issued its 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 net margin of 5.57% and a return on equity of 12.75%. As a group, research analysts anticipate that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.33%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 54.78%.

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.