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

Roberts Wealth Advisors LLC raised its holdings in Shell plc (NYSE:SHEL) by 20.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,651 shares of the energy company’s stock after buying an additional 5,810 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Shell were worth $2,233,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Transform Wealth LLC raised its stake in 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 acquiring an additional 678 shares during the last quarter. Crossmark Global Holdings Inc. increased 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 valued at $24,721,000 after purchasing an additional 148,823 shares during the period. HF Advisory Group LLC lifted its holdings in shares of Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after purchasing an additional 4,028 shares during the period. Aaron Wealth Advisors LLC increased its holdings in Shell by 15.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 18,769 shares of the energy company’s stock worth $1,176,000 after buying an additional 2,502 shares during the period. Finally, Riversedge Advisors LLC lifted its stake in Shell by 18.4% during the 4th quarter. Riversedge Advisors LLC now owns 3,602 shares of the energy company’s stock valued at $226,000 after acquiring an additional 559 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Piper Sandler lowered their target price on 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 lifted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Scotiabank lowered their price target on shares of 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 given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Stock Performance

SHEL opened at $66.72 on Wednesday. The firm’s fifty day simple moving average is $64.19 and its two-hundred day simple moving average is $67.74. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market cap of $204.00 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.96 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share 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 firm had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. During the same period last year, the company posted $1.86 EPS. Equities analysts anticipate that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

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.