Stephens Inc. AR Increases Holdings in Shell plc (NYSE:SHEL)

Stephens Inc. AR raised its holdings in shares of Shell plc (NYSE:SHELFree Report) by 19.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 155,867 shares of the energy company’s stock after acquiring an additional 24,883 shares during the period. Stephens Inc. AR’s holdings in Shell were worth $10,256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in shares of Shell by 5.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,907 shares of the energy company’s stock worth $191,000 after purchasing an additional 161 shares in the last quarter. Founders Capital Management boosted its holdings in shares of Shell by 25.4% in the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock worth $55,000 after purchasing an additional 168 shares in the last quarter. Abacus Planning Group Inc. boosted its holdings in shares of Shell by 3.5% in the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock worth $329,000 after purchasing an additional 169 shares in the last quarter. Roberts Wealth Advisors LLC boosted its holdings in shares of Shell by 0.7% in the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock worth $1,749,000 after purchasing an additional 172 shares in the last quarter. Finally, ETF Store Inc. lifted its stake in shares of Shell by 1.5% in the 4th quarter. ETF Store Inc. now owns 11,762 shares of the energy company’s stock valued at $774,000 after acquiring an additional 174 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHEL. Wells Fargo & Company boosted their target price on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Argus upped their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Securities upped their price target on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Shell currently has an average rating of “Moderate Buy” and an average price target of $69.00.

Read Our Latest Stock Report on Shell

Shell Stock Performance

Shares of SHEL opened at $69.45 on Friday. The business’s fifty day simple moving average is $71.75 and its two-hundred day simple moving average is $66.99. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. Shell plc has a 12 month low of $57.55 and a 12 month high of $74.61. The company has a market cap of $221.91 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.81 and a beta of 0.60.

Shell (NYSE:SHELGet Free Report) last issued its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The business had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Research analysts anticipate that Shell plc will post 8.37 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 3.96%. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. Shell’s dividend payout ratio is presently 50.74%.

Shell Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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