Shell plc (NYSE:SHEL) Shares Bought by apricus wealth LLC

apricus wealth LLC grew its holdings in Shell plc (NYSE:SHEL) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,340 shares of the energy company’s stock after buying an additional 1,130 shares during the quarter. apricus wealth LLC’s holdings in Shell were worth $1,650,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of Shell in the 3rd quarter valued at approximately $30,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in Shell during the third quarter worth $35,000. GHP Investment Advisors Inc. raised its holdings in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in Shell during the fourth quarter worth $40,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SHEL shares. Scotiabank reduced their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, January 10th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus price target of $79.69.

Shell Price Performance

Shares of NYSE:SHEL opened at $65.39 on Friday. The company has a market cap of $199.92 billion, a P/E ratio of 13.45, a P/E/G ratio of 5.89 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The business has a fifty day simple moving average of $64.23 and a 200-day simple moving average of $67.62.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share 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 firm had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter last year, the firm earned $1.86 earnings per share. Equities research analysts forecast that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is currently 56.58%.

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.