Encompass More Asset Management Has $485,000 Stake in Shell plc (NYSE:SHEL)

Encompass More Asset Management increased its position in shares of Shell plc (NYSE:SHEL) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,747 shares of the energy company’s stock after acquiring an additional 453 shares during the period. Encompass More Asset Management’s holdings in Shell were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in shares of Shell during the 3rd quarter worth $30,000. Valley Wealth Managers Inc. acquired a new position in Shell during the third quarter worth about $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at approximately $35,000. GHP Investment Advisors Inc. grew its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its stake in Shell by 567.0% in the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock valued at $41,000 after purchasing an additional 533 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the subject of a number of research reports. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Shell presently has an average rating of “Buy” and an average price target of $79.69.

Shell Stock Down 0.3 %

SHEL stock opened at $66.43 on Friday. The company has a market capitalization of $203.12 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 5.89 and a beta of 0.55. 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 stock has a fifty day moving average of $64.22 and a 200-day moving average of $67.68.

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

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is presently 56.58%.

About Shell

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.