Shell plc (NYSE:SHEL) Shares Bought by Harbour Investment Management LLC

Harbour Investment Management LLC grew its position in shares of Shell plc (NYSE:SHEL) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 31,298 shares of the energy company’s stock after acquiring an additional 583 shares during the quarter. Harbour Investment Management LLC’s holdings in Shell were worth $1,961,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Shell by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after acquiring an additional 301 shares in the last quarter. HF Advisory Group LLC raised its stake in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after acquiring an additional 4,028 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Shell by 1.5% in the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after buying an additional 46,293 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. raised its stake in Shell by 266.1% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after buying an additional 88,700 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on SHEL shares. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One 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, Shell currently has a consensus rating of “Buy” and a consensus price target of $79.11.

Shell Stock Performance

Shares of SHEL stock opened at $68.78 on Friday. The stock has a market capitalization of $209.17 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The stock’s 50-day moving average price is $66.44 and its 200 day moving average price is $66.29. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

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 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%. As a group, equities research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 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.