Shell plc (NYSE:SHEL) Shares Bought by Foster Group Inc.

Foster Group Inc. increased its position in shares of Shell plc (NYSE:SHEL) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,393 shares of the energy company’s stock after buying an additional 162 shares during the quarter. Foster Group Inc.’s holdings in Shell were worth $213,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of Shell during the 3rd quarter worth about $30,000. Valley Wealth Managers Inc. acquired a new stake in Shell during the third quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Shell in the 3rd quarter valued at $35,000. GHP Investment Advisors Inc. grew its position in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its position in Shell by 567.0% in the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock valued at $41,000 after acquiring an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

NYSE SHEL opened at $64.68 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $64.17 and its two-hundred day moving average is $67.42. The stock has a market capitalization of $197.76 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 5.89 and a beta of 0.55. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The company had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. During the same quarter last year, the company earned $1.86 earnings per share. Research analysts expect that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SHEL. Wolfe Research upgraded 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 reduced their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price 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.