Shufro Rose & Co. LLC Boosts Stock Holdings in Shell plc (NYSE:SHEL)

Shufro Rose & Co. LLC raised its holdings in shares of Shell plc (NYSE:SHEL) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,650 shares of the energy company’s stock after acquiring an additional 200 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Shell were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Capital Wealth Partners LLC raised its holdings in Shell by 4.5% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 6,651 shares of the energy company’s stock valued at $438,000 after acquiring an additional 288 shares during the period. Bank OZK bought a new stake in Shell during the 4th quarter valued at $433,000. Addison Advisors LLC increased its holdings in shares of Shell by 8.7% in the fourth quarter. Addison Advisors LLC now owns 2,342 shares of the energy company’s stock worth $154,000 after purchasing an additional 187 shares during the period. Truist Financial Corp increased its holdings in shares of Shell by 13.0% in the fourth quarter. Truist Financial Corp now owns 305,459 shares of the energy company’s stock worth $20,099,000 after purchasing an additional 35,045 shares during the period. Finally, Callan Capital LLC increased its holdings in shares of Shell by 48.9% in the fourth quarter. Callan Capital LLC now owns 4,679 shares of the energy company’s stock worth $308,000 after purchasing an additional 1,536 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

Shell Stock Performance

Shares of NYSE:SHEL remained flat at $73.27 on Friday. The stock had a trading volume of 3,880,010 shares, compared to its average volume of 4,799,317. The business has a 50 day simple moving average of $67.62 and a 200-day simple moving average of $65.87. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The stock has a market capitalization of $235.75 billion, a PE ratio of 12.95, a P/E/G ratio of 1.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. The company had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period last year, the firm earned $2.76 earnings per share. Sell-side analysts expect that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.61%. Shell’s payout ratio is 48.59%.

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.