GFS Advisors LLC Has $2 Million Position in Shell plc (NYSE:SHEL)

GFS Advisors LLC trimmed its stake in shares of Shell plc (NYSE:SHEL) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 31,876 shares of the energy company’s stock after selling 209 shares during the quarter. GFS Advisors LLC’s holdings in Shell were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SHEL. Fortitude Family Office LLC acquired a new position in Shell in the 3rd quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the third quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in shares of Shell during the third quarter worth approximately $35,000. GHP Investment Advisors Inc. lifted its holdings in Shell by 40.8% during the 3rd 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. Finally, Rakuten Securities Inc. grew its holdings in Shell by 567.0% in the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock valued at $41,000 after buying an additional 533 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Trading Down 1.3 %

Shares of SHEL opened at $65.82 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The firm has a market cap of $201.23 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 6.46 and a beta of 0.55. The business’s fifty day moving average is $64.17 and its 200-day moving average is $67.36.

Shell (NYSE:SHEL) last issued 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 14.54% and a net margin of 5.17%. Equities analysts anticipate that Shell plc will post 8.11 EPS for the current fiscal 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 paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is presently 56.58%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHEL. Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.50 to $79.80 in a report 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.11.

About Shell

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.