Baker Ellis Asset Management LLC Grows Position in Shell plc (NYSE:SHEL)

Baker Ellis Asset Management LLC boosted its stake in shares of Shell plc (NYSE:SHEL) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,000 shares of the energy company’s stock after buying an additional 400 shares during the period. Baker Ellis Asset Management LLC’s holdings in Shell were worth $1,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Evolution Wealth Advisors LLC increased its position in Shell by 30.2% during the 4th quarter. Evolution Wealth Advisors LLC now owns 5,369 shares of the energy company’s stock valued at $336,000 after buying an additional 1,245 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Shell by 10.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,139 shares of the energy company’s stock worth $134,000 after purchasing an additional 200 shares in the last quarter. Roberts Wealth Advisors LLC increased its holdings in shares of Shell by 20.9% in the 4th quarter. Roberts Wealth Advisors LLC now owns 33,651 shares of the energy company’s stock worth $2,233,000 after purchasing an additional 5,810 shares in the last quarter. Transform Wealth LLC increased its holdings in shares of Shell by 11.2% in the 4th quarter. Transform Wealth LLC now owns 6,734 shares of the energy company’s stock worth $422,000 after purchasing an additional 678 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Shell by 60.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 394,592 shares of the energy company’s stock worth $24,721,000 after acquiring an additional 148,823 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 1.2 %

Shares of NYSE SHEL opened at $65.96 on Thursday. The business’s 50 day moving average is $64.22 and its two-hundred day moving average is $67.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The stock has a market capitalization of $201.69 billion, a P/E ratio of 13.57, a PEG ratio of 5.96 and a beta of 0.55.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The firm had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter in the prior year, the firm posted $1.86 earnings per share. As a group, research analysts expect that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. 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 4.17%. Shell’s dividend payout ratio is 56.58%.

Analyst Ratings Changes

Several brokerages recently commented on SHEL. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted 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 report on Wednesday, January 8th. Scotiabank lowered their target price 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. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company lowered their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, 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.