Stokes Family Office LLC Raises Position in Shell plc (NYSE:SHEL)

Stokes Family Office LLC increased its holdings in Shell plc (NYSE:SHEL) by 5.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,489 shares of the energy company’s stock after acquiring an additional 229 shares during the quarter. Stokes Family Office LLC’s holdings in Shell were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Horizon Investments LLC increased its stake in Shell by 2.1% in the fourth quarter. Horizon Investments LLC now owns 10,829 shares of the energy company’s stock valued at $678,000 after acquiring an additional 226 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in Shell in the fourth quarter valued at $668,000. Cozad Asset Management Inc. increased its stake in Shell by 17.8% in the fourth quarter. Cozad Asset Management Inc. now owns 9,094 shares of the energy company’s stock valued at $570,000 after acquiring an additional 1,373 shares during the last quarter. Van Hulzen Asset Management LLC increased its stake in Shell by 1.9% in the fourth quarter. Van Hulzen Asset Management LLC now owns 189,310 shares of the energy company’s stock valued at $11,860,000 after acquiring an additional 3,533 shares during the last quarter. Finally, Patten & Patten Inc. TN increased its stake in Shell by 15.2% in the fourth quarter. Patten & Patten Inc. TN now owns 4,818 shares of the energy company’s stock valued at $302,000 after acquiring an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the topic of a number of research analyst reports. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. TD Securities raised their price objective on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler reduced 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, TD Cowen assumed coverage on Shell in a research note on Wednesday. They set a “buy” rating and a $81.00 price objective on the stock. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $79.48.

Shell Stock Performance

Shares of SHEL opened at $71.56 on Thursday. 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 plc has a one year low of $60.15 and a one year high of $74.61. The company has a 50-day simple moving average of $66.78 and a two-hundred day simple moving average of $66.22. The firm has a market capitalization of $216.39 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last issued 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 return on equity of 12.75% and a net margin of 5.57%. On average, analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.00%. Shell’s dividend payout ratio (DPR) is 56.97%.

Shell 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.