Clearstead Trust LLC Acquires New Stake in Shell plc (NYSE:SHEL)

Clearstead Trust LLC purchased a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,712 shares of the energy company’s stock, valued at approximately $608,000.

A number of other large investors have also recently bought and sold shares of SHEL. Valley National Advisers Inc. grew its holdings in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after acquiring an additional 400 shares during the period. Human Investing LLC bought a new position in shares of Shell during the 4th quarter worth about $31,000. Valley Wealth Managers Inc. bought a new position in shares of Shell during the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in shares of Shell during the 3rd quarter worth about $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Shell during the 4th quarter worth about $39,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shell stock opened at $68.78 on Friday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company’s 50 day moving average price is $66.44 and its two-hundred day moving average price is $66.29. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market cap of $209.17 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate 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 declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.16%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Analyst Ratings Changes

SHEL has been the topic of a number of research analyst reports. Morgan Stanley raised shares of 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 report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 report on Thursday, December 19th. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $79.11.

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.