Millstone Evans Group LLC Acquires Shares of 575 Shell plc (NYSE:SHEL)

Millstone Evans Group LLC bought a new stake in Shell plc (NYSE:SHEL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 575 shares of the energy company’s stock, valued at approximately $36,000.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Securities boosted their target price on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, TD Cowen initiated coverage on shares of Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $79.48.

Shell Stock Performance

Shares of SHEL opened at $71.33 on Tuesday. The company has a market capitalization of $215.69 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.98 and a beta of 0.47. 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 plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company’s 50 day simple moving average is $67.17 and its 200 day simple moving average is $66.24.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. On average, sell-side analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Friday, February 14th. Shell’s dividend payout ratio is presently 56.97%.

Shell Company 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.