Shell plc (NYSE:SHEL) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its position in Shell plc (NYSE:SHEL) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,900 shares of the energy company’s stock after purchasing an additional 200 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Shell were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. lifted its holdings in Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after acquiring an additional 400 shares during the last quarter. Fortitude Family Office LLC bought a new position in Shell in the third quarter worth about $30,000. Human Investing LLC bought a new position in Shell in the fourth quarter worth about $31,000. Valley Wealth Managers Inc. bought a new position in Shell in the third quarter worth about $33,000. Finally, Brooklyn Investment Group bought a new position in Shell in the third quarter worth about $35,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shares of NYSE:SHEL opened at $67.26 on Friday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The stock has a market cap of $204.55 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.98 and a beta of 0.54. The stock’s 50 day moving average price is $65.23 and its 200 day moving average price is $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.

Shell (NYSE:SHEL) last posted 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 return on equity of 12.75% and a net margin of 5.57%. Equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. 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. This represents a $2.86 annualized dividend and a yield of 4.26%. Shell’s payout ratio is 56.97%.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of recent analyst reports. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a report 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 report on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, 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 report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell has an average rating of “Buy” and an average target price 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.