Blair William & Co. IL Has $4.06 Million Stock Position in Shell plc (NYSE:SHEL)

Blair William & Co. IL cut its position in shares of Shell plc (NYSE:SHEL) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,795 shares of the energy company’s stock after selling 1,849 shares during the period. Blair William & Co. IL’s holdings in Shell were worth $4,059,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Foster Group Inc. raised its holdings in Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after buying an additional 162 shares in the last quarter. Warther Private Wealth LLC raised its stake in shares of Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after acquiring an additional 169 shares in the last quarter. Klingman & Associates LLC boosted its position in Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock worth $214,000 after purchasing an additional 170 shares during the period. RHS Financial LLC grew its holdings in Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after purchasing an additional 173 shares during the last quarter. Finally, Doliver Advisors LP lifted its stake in shares of Shell by 5.2% in the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after buying an additional 180 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE SHEL opened at $73.32 on Tuesday. The stock has a market cap of $221.69 billion, a P/E ratio of 14.60, a PEG ratio of 0.98 and a beta of 0.47. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company’s 50-day simple moving average is $67.82 and its 200 day simple moving average is $66.46.

Shell (NYSE:SHEL) last posted its earnings results 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%. As a group, research analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.91%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is 56.97%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen assumed coverage on Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price objective for the company. 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 research report on Friday, January 3rd. Wells Fargo & Company increased their price objective on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, March 26th. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $80.10.

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.