Shell plc (NYSE:SHEL) Shares Purchased by Regatta Capital Group LLC

Regatta Capital Group LLC raised its stake in Shell plc (NYSE:SHEL) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,370 shares of the energy company’s stock after buying an additional 618 shares during the quarter. Regatta Capital Group LLC’s holdings in Shell were worth $1,777,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. NorthCrest Asset Manangement LLC increased its position in shares of Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after acquiring an additional 46,293 shares during the period. HF Advisory Group LLC boosted its position in shares of Shell by 15.8% during the 4th 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. Creative Planning grew its stake in shares of Shell by 11.3% in the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after buying an additional 29,677 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its position in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after acquiring an additional 422,329 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of several research reports. Wells Fargo & Company dropped their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. 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, the company currently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Trading Down 1.9 %

SHEL opened at $65.39 on Friday. The firm has a market cap of $199.92 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The business’s 50 day moving average is $64.23 and its two-hundred day moving average is $67.59. 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 released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The firm had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter last year, the company posted $1.86 earnings per share. On average, research analysts predict that Shell plc will post 8.16 EPS 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 issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

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.