Stokes Family Office LLC Has $281,000 Stock Position in Shell plc (NYSE:SHEL)

Stokes Family Office LLC increased its position in shares of Shell plc (NYSE:SHEL) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,489 shares of the energy company’s stock after buying an additional 229 shares during the quarter. Stokes Family Office LLC’s holdings in Shell were worth $281,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. increased its holdings in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Human Investing LLC bought a new stake in Shell during the 4th quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in Shell during the 3rd quarter worth approximately $35,000. Sierra Ocean LLC bought a new stake in Shell during the 4th quarter worth approximately $39,000. Finally, Kieckhefer Group LLC bought a new stake in Shell during the 4th quarter worth approximately $40,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 0.8 %

NYSE:SHEL opened at $71.56 on Thursday. The company has a market cap of $216.39 billion, a P/E ratio of 14.26, a P/E/G ratio of 0.98 and a beta of 0.47. The stock’s fifty day moving average price is $66.78 and its two-hundred day moving average price is $66.22. Shell plc has a 1 year low of $60.15 and a 1 year 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.

Shell (NYSE:SHEL) last posted its earnings results 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%. As a group, analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.00%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent analyst reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. TD Cowen initiated coverage on Shell in a report on Wednesday. They issued a “buy” rating and a $81.00 target price for the company. 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 report on Friday, January 3rd. 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. Finally, TD Securities upped their target price on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $79.48.

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.