Lebenthal Global Advisors LLC Has $648,000 Stake in Shell plc (NYSE:SHEL)

Lebenthal Global Advisors LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,342 shares of the energy company’s stock after acquiring an additional 1,066 shares during the period. Lebenthal Global Advisors LLC’s holdings in Shell were worth $648,000 as of its most recent SEC filing.

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

Shell Stock Down 0.4 %

Shares of NYSE SHEL opened at $65.12 on Tuesday. The business has a 50-day moving average of $64.21 and a 200-day moving average of $67.50. The firm has a market capitalization of $199.11 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 5.89 and a beta of 0.55. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The company had revenue of $72.46 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.86 EPS. Sell-side analysts expect that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.23%. Shell’s payout ratio is 56.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHEL. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus target price of $79.69.

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.