Shell plc (NYSE:SHEL) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in shares of Shell plc (NYSE:SHEL) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,888 shares of the energy company’s stock after buying an additional 564 shares during the period. CreativeOne Wealth LLC’s holdings in Shell were worth $557,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its position in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in Shell during the 4th quarter worth about $28,000. Human Investing LLC acquired a new stake in shares of Shell during the 4th quarter worth about $31,000. Millstone Evans Group LLC purchased a new position in Shell in the fourth quarter valued at approximately $36,000. Finally, Summit Securities Group LLC lifted its position in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 1.5 %

Shares of Shell stock opened at $65.01 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market cap of $196.58 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.61. The company’s 50-day simple moving average is $67.31 and its 200-day simple moving average is $66.12.

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

Shell Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.41%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company reduced their price objective on Shell from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Scotiabank lowered 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 report on Friday, April 11th. Finally, Barclays reiterated an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $77.73.

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.