Tanglewood Legacy Advisors LLC Has $138,000 Stock Holdings in Shell plc (NYSE:SHEL)

Tanglewood Legacy Advisors LLC decreased its stake in Shell plc (NYSE:SHEL) by 32.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,208 shares of the energy company’s stock after selling 1,040 shares during the quarter. Tanglewood Legacy Advisors LLC’s holdings in Shell were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Roxbury Financial LLC purchased a new position in shares of Shell in the fourth quarter worth approximately $68,000. Manchester Capital Management LLC grew its position in Shell by 50,400.0% during the 4th quarter. Manchester Capital Management LLC now owns 1,010 shares of the energy company’s stock worth $63,000 after purchasing an additional 1,008 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in Shell by 8.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 3,477 shares of the energy company’s stock valued at $218,000 after purchasing an additional 268 shares during the period. Adell Harriman & Carpenter Inc. boosted its position in shares of Shell by 4.4% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 130,766 shares of the energy company’s stock worth $8,192,000 after buying an additional 5,564 shares during the period. Finally, Klingenstein Fields & Co. LP raised its position in Shell by 0.4% during the fourth quarter. Klingenstein Fields & Co. LP now owns 240,120 shares of the energy company’s stock valued at $15,044,000 after buying an additional 1,074 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $67.16 on Friday. 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 stock has a market capitalization of $205.33 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.98 and a beta of 0.54. The business has a 50-day moving average of $64.56 and a two-hundred day moving average of $66.93. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, equities research analysts predict that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The company 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. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.26%. Shell’s payout ratio is currently 56.97%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Piper Sandler dropped their price objective 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. Wells Fargo & Company decreased their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $79.11.

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.