Shell plc (NYSE:SHEL) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC grew its stake in shares of Shell plc (NYSE:SHEL) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,591 shares of the energy company’s stock after purchasing an additional 1,087 shares during the quarter. Level Four Advisory Services LLC’s holdings in Shell were worth $1,415,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SHEL. Foster Group Inc. grew its position in Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares during the last quarter. Warther Private Wealth LLC increased its position in Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after acquiring an additional 169 shares during the period. Klingman & Associates LLC raised its stake in Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares in the last quarter. RHS Financial LLC grew its stake in shares of Shell by 3.1% in the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after purchasing an additional 173 shares in the last quarter. Finally, Doliver Advisors LP raised its stake in shares of Shell by 5.2% during 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 in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen started coverage on shares of Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price target on the stock. Wells Fargo & Company upped their target price on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Securities lifted their price target on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. Piper Sandler decreased their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell has an average rating of “Buy” and a consensus target price of $80.10.

Shell Stock Down 0.7 %

SHEL stock opened at $72.74 on Friday. The company’s 50 day simple moving average is $67.68 and its 200-day simple moving average is $66.42. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm has a market capitalization of $219.95 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 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%. As a group, equities research analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.94%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. Shell’s dividend payout ratio is 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.