IFP Advisors Inc Has $950,000 Stock Position in Shell plc (NYSE:SHEL)

IFP Advisors Inc raised its holdings in Shell plc (NYSE:SHEL) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,167 shares of the energy company’s stock after acquiring an additional 713 shares during the period. IFP Advisors Inc’s holdings in Shell were worth $950,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Finally, Merewether Investment Management LP boosted its position in Shell by 41.0% during the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock worth $101,877,000 after buying an additional 449,000 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL opened at $67.26 on Friday. The business’s 50 day moving average price is $65.23 and its two-hundred day moving average price is $66.70. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The firm has a market cap of $204.55 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, equities analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SHEL shares. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One research 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 stock. According to MarketBeat.com, Shell has a consensus 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.