HBK Sorce Advisory LLC Boosts Stake in Shell plc (NYSE:SHEL)

HBK Sorce Advisory LLC raised its stake in shares of Shell plc (NYSE:SHEL) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,125 shares of the energy company’s stock after purchasing an additional 1,052 shares during the period. HBK Sorce Advisory LLC’s holdings in Shell were worth $948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Valley National Advisers Inc. increased its holdings 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 acquiring an additional 400 shares in the last quarter. Human Investing LLC bought a new position in Shell in the 4th quarter worth $31,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the 3rd quarter worth $33,000. Brooklyn Investment Group purchased a new position in shares of Shell in the third quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Shell in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.6 %

Shares of SHEL opened at $67.78 on Friday. 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 business has a fifty day moving average of $66.35 and a 200 day moving average of $66.32. The company has a market cap of $206.13 billion, a PE ratio of 13.50, a P/E/G ratio of 0.98 and a beta of 0.47. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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%. On average, sell-side analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SHEL shares. Wells Fargo & Company lowered their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Piper Sandler decreased their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.