Van Hulzen Asset Management LLC Purchases 3,533 Shares of Shell plc (NYSE:SHEL)

Van Hulzen Asset Management LLC grew its position in Shell plc (NYSE:SHEL) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 189,310 shares of the energy company’s stock after buying an additional 3,533 shares during the period. Van Hulzen Asset Management LLC’s holdings in Shell were worth $11,860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares in the last quarter. Jennison Associates LLC grew its holdings in Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares during the period. Raymond James Financial Inc. bought a new stake in Shell during the 4th quarter worth approximately $91,716,000. Holocene Advisors LP lifted its stake in shares of Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.5 %

Shares of NYSE SHEL opened at $68.78 on Friday. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The business’s 50 day moving average is $66.44 and its two-hundred day moving average is $66.25. The stock has a market capitalization of $209.17 billion, a P/E ratio of 13.70, a PEG ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate 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 expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.16%. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio is presently 56.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SHEL shares. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler lowered their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.11.

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.