Ibex Wealth Advisors Invests $8.91 Million in Shell plc (NYSE:SHEL)

Ibex Wealth Advisors acquired a new stake in Shell plc (NYSE:SHEL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 142,217 shares of the energy company’s stock, valued at approximately $8,910,000. Shell makes up about 1.0% of Ibex Wealth Advisors’ holdings, making the stock its 27th biggest position.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the period. Fisher Asset Management LLC lifted its position in shares of Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Franklin Resources Inc. grew its position in Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after acquiring an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after acquiring an additional 422,329 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after purchasing an additional 866,954 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.2 %

Shell stock traded up $0.13 during trading hours on Wednesday, reaching $64.71. 419,607 shares of the company’s stock were exchanged, compared to its average volume of 4,061,084. The firm has a market capitalization of $197.84 billion, a PE ratio of 13.33, a PEG ratio of 5.89 and a beta of 0.55. 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 firm’s 50 day simple moving average is $64.19 and its 200 day simple moving average is $67.44. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last issued 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 firm had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same period in the previous year, the firm earned $1.86 earnings per share. Research analysts predict that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.25%. Shell’s dividend payout ratio is currently 56.58%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SHEL shares. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company dropped their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.