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

Bryn Mawr Capital Management LLC increased its position in Shell plc (NYSE:SHEL) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the energy company’s stock after acquiring an additional 200 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Shell were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Argonautica Private Wealth Management Inc. grew its holdings in shares of Shell by 5.7% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,355 shares of the energy company’s stock worth $398,000 after acquiring an additional 342 shares during the period. DMKC Advisory Services LLC acquired a new stake in shares of Shell in the 4th quarter worth approximately $1,899,000. Denali Advisors LLC grew its holdings in Shell by 1.1% during the 4th quarter. Denali Advisors LLC now owns 17,001 shares of the energy company’s stock valued at $1,065,000 after buying an additional 182 shares during the last quarter. Todd Asset Management LLC grew its holdings in Shell by 1.2% during the 4th quarter. Todd Asset Management LLC now owns 1,214,321 shares of the energy company’s stock valued at $76,077,000 after buying an additional 14,225 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Shell by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 590,728 shares of the energy company’s stock valued at $37,009,000 after buying an additional 68,120 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 0.2 %

Shares of SHEL opened at $67.26 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $204.55 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The stock’s fifty day simple moving average is $65.23 and its 200 day simple moving average is $66.70. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last issued its 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%. On average, equities research analysts forecast that Shell plc will post 7.67 earnings per share for the current 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 given 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 4.26%. Shell’s dividend payout ratio (DPR) is 56.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SHEL. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $79.11.

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.