Advisory Services Network LLC Buys 2,033 Shares of Shell plc (NYSE:SHEL)

Advisory Services Network LLC boosted its stake in shares of Shell plc (NYSE:SHEL) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,765 shares of the energy company’s stock after acquiring an additional 2,033 shares during the period. Advisory Services Network LLC’s holdings in Shell were worth $2,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SHEL. FMR LLC grew its holdings in shares of Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Shell by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after buying an additional 408,088 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Shell by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock worth $500,123,000 after buying an additional 238,705 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Shell by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock valued at $377,352,000 after acquiring an additional 50,228 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Shell by 1.0% in the fourth quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company’s stock worth $190,772,000 after acquiring an additional 30,844 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. 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 research note on Friday, January 3rd. Scotiabank reduced their target price on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Shell from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Piper Sandler decreased their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Shell has a consensus rating of “Buy” and an average price target of $77.73.

Shell Stock Up 3.8 %

Shares of NYSE SHEL opened at $62.05 on Friday. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.61. The firm has a market capitalization of $187.61 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.98 and a beta of 0.27. The stock has a 50 day moving average price of $67.56 and a 200 day moving average price of $66.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Sell-side analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.62%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.