RFG Bristol Wealth Advisors LLC Makes New $2.01 Million Investment in Shell plc (NYSE:SHEL)

RFG Bristol Wealth Advisors LLC acquired a new position in Shell plc (NYSE:SHEL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 32,067 shares of the energy company’s stock, valued at approximately $2,009,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. increased its stake in Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Shell in the fourth quarter worth approximately $28,000. Human Investing LLC acquired a new stake in shares of Shell during the fourth quarter valued at approximately $31,000. Millstone Evans Group LLC purchased a new stake in shares of Shell in the 4th quarter valued at approximately $36,000. Finally, Summit Securities Group LLC grew its position in Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHEL has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 26th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. TD Securities upped their price objective on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. Finally, Piper Sandler lowered their price target 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. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $80.10.

Shell Stock Down 0.3 %

Shares of SHEL stock opened at $73.08 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The firm’s 50-day moving average is $67.94 and its 200-day moving average is $66.50. The stock has a market cap of $220.96 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last announced 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 return on equity of 12.75% and a net margin of 5.57%. Sell-side analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 3.92%. Shell’s payout ratio is currently 56.97%.

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.