Shell plc (NYSE:SHEL) Shares Purchased by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC lifted its stake in shares of Shell plc (NYSE:SHEL) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,165 shares of the energy company’s stock after acquiring an additional 461 shares during the period. Laurel Wealth Advisors LLC’s holdings in Shell were worth $136,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SHEL. FMR LLC boosted its holdings in shares of Shell by 5.2% in the 3rd 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 during the last quarter. Empyrean Capital Partners LP acquired a new position in Shell in the second quarter valued at $151,578,000. Jennison Associates LLC grew its position 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 acquiring an additional 1,967,672 shares during the period. Holocene Advisors LP raised its holdings in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Shell in the 3rd quarter valued at about $37,274,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Up 0.7 %

SHEL stock opened at $66.39 on Thursday. The company has a market capitalization of $204.30 billion, a P/E ratio of 13.66, a PEG ratio of 4.84 and a beta of 0.55. The firm has a 50 day simple moving average of $64.24 and a 200-day simple moving average of $67.91. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.15%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of recent research reports. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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. According to MarketBeat.com, Shell has an average rating of “Buy” and an average target price of $79.69.

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.