Shell plc (NYSE:SHEL) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors grew its stake in Shell plc (NYSE:SHEL) by 28.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,988 shares of the energy company’s stock after purchasing an additional 3,526 shares during the period. Arkadios Wealth Advisors’ holdings in Shell were worth $1,002,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SHEL. Coronation Fund Managers Ltd. increased its stake in Shell by 7.6% during the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock valued at $1,097,000 after purchasing an additional 1,068 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Shell by 46.0% during 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 last quarter. AE Wealth Management LLC raised its stake in Shell by 13.2% during the second quarter. AE Wealth Management LLC now owns 12,106 shares of the energy company’s stock worth $874,000 after acquiring an additional 1,416 shares during the period. Sei Investments Co. boosted its stake in Shell by 8.4% in the second quarter. Sei Investments Co. now owns 323,875 shares of the energy company’s stock valued at $23,378,000 after acquiring an additional 25,143 shares during the period. Finally, Summit Trail Advisors LLC grew its holdings in shares of Shell by 122.3% during the second quarter. Summit Trail Advisors LLC now owns 8,709 shares of the energy company’s stock valued at $629,000 after purchasing an additional 4,791 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Scotiabank reduced their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company cut their price target on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. 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 company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $79.69.

Shell Trading Up 0.4 %

Shares of Shell stock opened at $66.74 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $64.19 and a 200-day simple moving average of $67.74. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The firm has a market cap of $205.36 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55.

Shell Announces Dividend

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

Shell 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.