8,938 Shares in Shell plc (NYSE:SHEL) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new position in shares of Shell plc (NYSE:SHEL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,938 shares of the energy company’s stock, valued at approximately $549,000.

Several other hedge funds have also added to or reduced their stakes in the business. Valley National Advisers Inc. lifted its position in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Shell in the 3rd quarter worth approximately $30,000. Human Investing LLC acquired a new position in shares of Shell in the 4th quarter worth approximately $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell in the 3rd quarter worth approximately $33,000. Finally, Brooklyn Investment Group acquired a new position in shares of Shell in the 3rd quarter worth approximately $35,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE SHEL opened at $66.90 on Tuesday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. 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 $203.47 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.98 and a beta of 0.54. The company has a fifty day moving average price of $64.99 and a 200-day moving average price of $66.73.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. As a group, equities research analysts predict that Shell plc will post 7.67 EPS for the current fiscal 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 issued a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is 56.97%.

Analyst Ratings Changes

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

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.