Shell plc (NYSE:SHEL) Shares Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its position in shares of Shell plc (NYSE:SHEL) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,769 shares of the energy company’s stock after acquiring an additional 2,502 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Shell were worth $1,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Coronation Fund Managers Ltd. increased its position in shares of Shell by 7.6% during the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after acquiring an additional 1,068 shares during the period. Blair William & Co. IL increased its holdings in Shell by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 67,671 shares of the energy company’s stock worth $4,884,000 after purchasing an additional 395 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Shell by 46.0% in the 2nd quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company’s stock valued at $3,048,000 after buying an additional 13,299 shares during the period. Brighton Jones LLC increased its stake in shares of Shell by 3.2% during the second quarter. Brighton Jones LLC now owns 7,033 shares of the energy company’s stock worth $508,000 after buying an additional 215 shares during the period. Finally, Ieq Capital LLC lifted its stake in Shell by 65.4% in the second quarter. Ieq Capital LLC now owns 33,343 shares of the energy company’s stock worth $2,407,000 after acquiring an additional 13,185 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

NYSE SHEL opened at $66.74 on Friday. The firm has a market cap of $205.36 billion, a P/E ratio of 13.73, a P/E/G ratio of 5.60 and a beta of 0.55. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The business’s 50-day moving average price is $64.19 and its 200 day moving average price is $67.82. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. Shell’s payout ratio is currently 56.58%.

Analyst Ratings Changes

SHEL has been the topic of a number of analyst reports. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wolfe Research raised 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. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Shell presently has an average rating of “Buy” and an average target price of $79.69.

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.