Mission Wealth Management LP Decreases Stock Holdings in Shell plc (NYSE:SHEL)

Mission Wealth Management LP decreased its holdings in shares of Shell plc (NYSE:SHEL) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,760 shares of the energy company’s stock after selling 385 shares during the period. Mission Wealth Management LP’s holdings in Shell were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Foster Group Inc. lifted its stake in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares in the last quarter. Warther Private Wealth LLC lifted its position in Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after acquiring an additional 169 shares in the last quarter. Klingman & Associates LLC grew its position in Shell by 5.2% in the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares in the last quarter. RHS Financial LLC raised its stake in shares of Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after purchasing an additional 173 shares during the period. Finally, Doliver Advisors LP boosted its stake in shares of Shell by 5.2% in the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after purchasing an additional 180 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of NYSE:SHEL opened at $66.49 on Tuesday. 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 firm has a 50-day simple moving average of $65.49 and a 200 day simple moving average of $66.59. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a market cap of $202.22 billion, a PE ratio of 13.25, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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, sell-side analysts anticipate 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. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.31%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.97%.

Analysts Set New Price Targets

A number of brokerages have commented on SHEL. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler lowered their price objective 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 reduced 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. Finally, 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 note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target 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.