Iams Wealth Management LLC Buys 5,362 Shares of Shell plc (NYSE:SHEL)

Iams Wealth Management LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 21.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,545 shares of the energy company’s stock after buying an additional 5,362 shares during the period. Iams Wealth Management LLC’s holdings in Shell were worth $1,914,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in Shell in the 3rd quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Shell during the 3rd quarter worth approximately $35,000. GHP Investment Advisors Inc. lifted its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the period. Finally, Rakuten Securities Inc. lifted its holdings in shares of Shell by 567.0% during the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after acquiring an additional 533 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SHEL. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus target price of $79.69.

Shell Stock Down 0.1 %

Shares of NYSE SHEL opened at $64.52 on Wednesday. The firm has a market cap of $197.27 billion, a PE ratio of 13.26, a P/E/G ratio of 5.89 and a beta of 0.55. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company’s fifty day simple moving average is $64.19 and its 200 day simple moving average is $67.44. 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 (NYSE:SHEL) last announced its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The company had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. As a group, sell-side analysts forecast that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.27%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is 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.