Asio Capital LLC grew its holdings in shares of Shell plc (NYSE:SHEL – Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,216 shares of the energy company’s stock after purchasing an additional 1,337 shares during the period. Asio Capital LLC’s holdings in Shell were worth $3,083,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Fortitude Family Office LLC purchased a new position in Shell in the third quarter valued at about $30,000. Valley Wealth Managers Inc. purchased a new position in Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in Shell during the third quarter worth $35,000. GHP Investment Advisors Inc. grew its holdings in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Shell in the 4th quarter worth about $40,000. 28.60% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. One research 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 stock. According to data from MarketBeat.com, Shell presently has an average rating of “Buy” and an average price target of $79.69.
Shell Stock Down 1.9 %
Shares of NYSE:SHEL opened at $65.39 on Friday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock has a 50-day simple moving average of $64.23 and a 200-day simple moving average of $67.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a market capitalization of $199.92 billion, a P/E ratio of 13.45, a PEG ratio of 5.89 and a beta of 0.55.
Shell (NYSE:SHEL – Get Free Report) last issued 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. Shell had a net margin of 5.17% and a return on equity of 14.54%. The business had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. During the same quarter last year, the firm posted $1.86 EPS. Equities analysts forecast that Shell plc will post 8.16 earnings per share for the current year.
Shell Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.
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.
Featured Articles
- Five stocks we like better than Shell
- 3 Tickers Leading a Meme Stock Revival
- Bloom Energy: Powering the Future With Decentralized Energy
- What Investors Need to Know About Upcoming IPOs
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- Top Stocks Investing in 5G Technology
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.