Moors & Cabot Inc. Has $3 Million Holdings in Shell plc (NYSE:SHEL)

Moors & Cabot Inc. boosted its holdings in Shell plc (NYSE:SHEL) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,810 shares of the energy company’s stock after buying an additional 853 shares during the quarter. Moors & Cabot Inc.’s holdings in Shell were worth $2,995,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SHEL. Valley National Advisers Inc. boosted its stake in shares of 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 in the last quarter. Human Investing LLC acquired a new stake in shares of Shell during the fourth quarter valued at about $31,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell during the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell during the third quarter valued at about $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Shell during the fourth quarter valued at about $39,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on SHEL shares. Morgan Stanley raised 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 research note on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Wells Fargo & Company cut their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $79.11.

Shell Trading Up 0.9 %

Shares of SHEL stock opened at $67.42 on Thursday. The company has a market cap of $205.04 billion, a P/E ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.47. The stock has a 50 day simple moving average of $66.26 and a two-hundred day simple moving average of $66.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last released 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 net margin of 5.57% and a return on equity of 12.75%. Research analysts forecast that Shell plc will post 7.67 earnings per share for the current 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 issued a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.25%. Shell’s payout ratio is currently 56.97%.

Shell Company 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.