Hanson & Doremus Investment Management Raises Stake in Shell plc (NYSE:SHEL)

Hanson & Doremus Investment Management increased its position in shares of Shell plc (NYSE:SHEL) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,906 shares of the energy company’s stock after purchasing an additional 969 shares during the period. Hanson & Doremus Investment Management’s holdings in Shell were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after acquiring an additional 2,545 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in Shell by 6.4% in 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 period. Rockefeller Capital Management L.P. raised its position in shares of Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after buying an additional 46,293 shares during the last quarter. HF Advisory Group LLC lifted its holdings in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after buying an additional 4,028 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Shell by 3.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,008,002 shares of the energy company’s stock valued at $63,151,000 after acquiring an additional 32,603 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.2 %

Shares of NYSE SHEL opened at $64.68 on Thursday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm has a 50-day simple moving average of $64.17 and a two-hundred day simple moving average of $67.42. The company has a market cap of $197.76 billion, a P/E ratio of 13.31, a PEG ratio of 5.89 and a beta of 0.55. 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 (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The company had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter in the previous year, the business earned $1.86 EPS. Research analysts anticipate 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 paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.25%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Piper Sandler reduced their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank cut their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $79.69.

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.