Jones Financial Companies Lllp Boosts Stock Position in Shell plc (NYSE:SHEL)

Jones Financial Companies Lllp grew its holdings in shares of Shell plc (NYSE:SHEL) by 59.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,534 shares of the energy company’s stock after buying an additional 34,103 shares during the period. Jones Financial Companies Lllp’s holdings in Shell were worth $5,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently 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. Human Investing LLC bought a new position in shares of Shell in the 4th quarter worth approximately $31,000. Valley Wealth Managers Inc. purchased a new position in shares of Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell in the third quarter worth $35,000. Finally, Rakuten Securities Inc. raised its holdings in Shell by 567.0% in the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after purchasing an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. 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 note on Friday, January 31st. Piper Sandler decreased their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research upgraded shares of 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. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $79.11.

Shell Price Performance

Shares of NYSE:SHEL opened at $66.06 on Wednesday. The firm’s 50 day moving average price is $65.60 and its 200-day moving average price is $66.54. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $200.89 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

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 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 expect 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. Stockholders of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.34%. Shell’s dividend 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.