Physician Wealth Advisors Inc. Buys New Shares in Shell plc (NYSE:SHEL)

Physician Wealth Advisors Inc. acquired a new stake in shares of Shell plc (NYSE:SHEL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,221 shares of the energy company’s stock, valued at approximately $76,000.

Several other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after purchasing an additional 2,545 shares in the last quarter. Private Advisor Group LLC grew its holdings in Shell by 0.9% during the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock worth $2,078,000 after buying an additional 301 shares in the last quarter. HF Advisory Group LLC raised its position in Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after buying an additional 4,028 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Shell by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock worth $12,521,000 after acquiring an additional 14,937 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. grew its stake in shares of Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after acquiring an additional 88,700 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on SHEL shares. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company lifted their target price on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 26th. TD Cowen began coverage on shares of Shell in a report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price objective for the company. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $80.10.

Shell Stock Performance

Shell stock opened at $72.74 on Monday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The firm’s fifty day moving average price is $67.68 and its 200-day moving average price is $66.42. The stock has a market cap of $219.95 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, equities research analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.94%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. Shell’s payout ratio is presently 56.97%.

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.