Country Club Bank Boosts Stake in Shell plc (NYSE:SHEL)

Country Club Bank grew its position in shares of Shell plc (NYSE:SHEL) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 173,534 shares of the energy company’s stock after acquiring an additional 974 shares during the period. Country Club Bank’s holdings in Shell were worth $10,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHEL. Valley National Advisers Inc. lifted its position in Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. bought a new position in shares of Shell during the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new position in shares of Shell during the 3rd quarter valued at $35,000. Finally, 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 valued at $37,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company reduced their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Piper Sandler reduced their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One investment 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, the stock currently has an average rating of “Buy” and an average target price of $79.11.

Shell Trading Up 2.3 %

Shares of SHEL stock opened at $66.66 on Wednesday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm has a market capitalization of $203.80 billion, a PE ratio of 13.28, a PEG ratio of 6.57 and a beta of 0.54. The stock has a fifty day simple moving average of $64.21 and a two-hundred day simple moving average of $67.19.

Shell (NYSE:SHEL) last issued 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%. On average, analysts predict that Shell plc will post 7.27 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.30%. Shell’s dividend payout ratio (DPR) is presently 54.78%.

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.