32,067 Shares in Shell plc (NYSE:SHEL) Bought by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC purchased a new stake in Shell plc (NYSE:SHEL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,067 shares of the energy company’s stock, valued at approximately $2,009,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CoreFirst Bank & Trust acquired a new position in Shell in the fourth quarter valued at approximately $28,000. Valley National Advisers Inc. increased its stake in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Human Investing LLC bought a new position in Shell during the fourth quarter worth $31,000. Millstone Evans Group LLC acquired a new stake in Shell in the fourth quarter worth $36,000. Finally, Summit Securities Group LLC raised its holdings in shares of Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Down 0.3 %

Shares of NYSE SHEL opened at $73.08 on Wednesday. The company has a market cap of $220.96 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 0.98 and a beta of 0.47. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is $67.94 and its 200 day moving average is $66.50. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. On average, equities research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SHEL. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. TD Securities upped their target price on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. 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. Finally, Wells Fargo & Company boosted their target price on shares of Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus target price of $80.10.

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.