Hedges Asset Management LLC Purchases 400 Shares of Shell plc (NYSE:SHEL)

Hedges Asset Management LLC increased its holdings in shares of Shell plc (NYSE:SHEL) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 72,750 shares of the energy company’s stock after purchasing an additional 400 shares during the period. Shell accounts for approximately 3.0% of Hedges Asset Management LLC’s holdings, making the stock its 5th largest position. Hedges Asset Management LLC’s holdings in Shell were worth $4,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Fortitude Family Office LLC bought a new stake in shares of Shell during the 3rd quarter worth about $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the third quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Shell in the third quarter valued at approximately $35,000. GHP Investment Advisors Inc. lifted its holdings in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in Shell in the 4th quarter valued at $40,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL stock opened at $66.66 on Friday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. 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 $64.22 and a 200 day simple moving average of $67.68. The company has a market cap of $203.80 billion, a P/E ratio of 13.72, a P/E/G ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.20. The company had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same period in the previous year, the firm posted $1.86 EPS. On average, sell-side analysts forecast that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.13%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SHEL shares. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. One investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $79.69.

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.