Birchcreek Wealth Management LLC Makes New Investment in Shell plc (NYSE:SHEL)

Birchcreek Wealth Management LLC bought a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,294 shares of the energy company’s stock, valued at approximately $206,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. boosted its position in shares of Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the period. Fortitude Family Office LLC bought a new stake in shares of Shell in the third quarter valued at approximately $30,000. Human Investing LLC bought a new stake in shares of Shell in the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell in the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group acquired a new position in shares of Shell in the third quarter valued at $35,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of recent research reports. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company cut their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One equities 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. According to MarketBeat.com, Shell has an average rating of “Buy” and a consensus target price of $79.11.

Shell Price Performance

Shares of SHEL opened at $66.67 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock has a market cap of $202.75 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The stock’s 50-day moving average price is $64.89 and its two-hundred day moving average price is $66.76.

Shell (NYSE:SHEL) last issued 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 analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.30%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is 56.97%.

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.