Kingsview Wealth Management LLC Purchases 220 Shares of Shell plc (NYSE:SHEL)

Kingsview Wealth Management LLC increased its position in shares of Shell plc (NYSE:SHEL) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,325 shares of the energy company’s stock after buying an additional 220 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Shell were worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. boosted its position in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Shell during the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. acquired a new position in Shell during the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the third quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% in the third 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 last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Finally, Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $79.11.

Shell Trading Up 1.9 %

Shares of SHEL opened at $67.40 on Wednesday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The business’s fifty day moving average is $64.33 and its 200-day moving average is $67.03. 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 cap of $206.06 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Equities analysts anticipate that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.25%. Shell’s payout ratio is presently 56.97%.

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.