Lebenthal Global Advisors LLC Increases Stake in Shell plc (NYSE:SHEL)

Lebenthal Global Advisors LLC lifted its position in Shell plc (NYSE:SHEL) by 11.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,342 shares of the energy company’s stock after purchasing an additional 1,066 shares during the period. Lebenthal Global Advisors LLC’s holdings in Shell were worth $648,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in Shell in the 3rd quarter worth $30,000. Valley Wealth Managers Inc. purchased a new stake in shares of Shell during the third quarter worth about $33,000. Brooklyn Investment Group bought a new stake in shares of Shell in the third quarter worth about $35,000. GHP Investment Advisors Inc. raised its position in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in Shell in the 4th quarter worth approximately $40,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SHEL. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Trading Down 0.4 %

Shares of SHEL stock opened at $65.12 on Tuesday. The firm’s 50 day moving average is $64.21 and its 200 day moving average is $67.50. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $199.11 billion, a P/E ratio of 13.40, a P/E/G ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The business had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same period in the prior year, the company earned $1.86 earnings per share. Research analysts expect that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is 56.58%.

About Shell

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.