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

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC raised its holdings in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after buying an additional 2,545 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after buying an additional 46,293 shares in the last quarter. HF Advisory Group LLC raised its holdings in shares of Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after buying an additional 4,028 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after buying an additional 29,677 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank reduced their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company reduced their price target on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. One equities 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, Shell has a consensus rating of “Buy” and an average target price of $79.69.

Shell Stock Down 0.8 %

SHEL stock opened at $64.61 on Wednesday. The stock’s 50 day simple moving average is $64.19 and its 200 day simple moving average is $67.44. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The company has a market cap of $197.53 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The business had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. During the same period in the prior year, the business earned $1.86 EPS. On average, research analysts expect that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

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.