30,318 Shares in Shell plc (NYSE:SHEL) Bought by DMKC Advisory Services LLC

DMKC Advisory Services LLC acquired a new stake in shares of Shell plc (NYSE:SHEL) during the 4th quarter, Holdings Channel reports. The firm acquired 30,318 shares of the energy company’s stock, valued at approximately $1,899,000. Shell accounts for 1.7% of DMKC Advisory Services LLC’s holdings, making the stock its 24th biggest position.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in Shell by 45.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,181 shares of the energy company’s stock valued at $1,067,000 after acquiring an additional 5,050 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Shell by 6,510.1% in the 3rd quarter. International Assets Investment Management LLC now owns 352,649 shares of the energy company’s stock worth $23,257,000 after purchasing an additional 347,314 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after purchasing an additional 225 shares during the period. 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 buying an additional 163 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its stake in shares of Shell by 8.5% in the third quarter. Modera Wealth Management LLC now owns 6,123 shares of the energy company’s stock valued at $404,000 after buying an additional 482 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the topic of a number of analyst reports. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company lowered 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 cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. 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. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Trading Up 0.1 %

Shares of Shell stock opened at $66.94 on Wednesday. The stock has a fifty day moving average price of $65.09 and a 200-day moving average price of $66.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm has a market cap of $203.57 billion, a PE ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 0.54. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed 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. This represents a $2.86 annualized dividend and a yield of 4.28%. 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. Shell’s dividend payout ratio is 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.