Clear Creek Financial Management LLC Boosts Stock Position in Shell plc (NYSE:SHEL)

Clear Creek Financial Management LLC grew its position in Shell plc (NYSE:SHEL) by 32.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,242 shares of the energy company’s stock after buying an additional 1,048 shares during the period. Clear Creek Financial Management LLC’s holdings in Shell were worth $266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in Shell by 42.7% in the second quarter. AQR Capital Management LLC now owns 21,701 shares of the energy company’s stock worth $1,566,000 after purchasing an additional 6,495 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Shell by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,165 shares of the energy company’s stock worth $1,239,000 after buying an additional 337 shares during the last quarter. Clearbridge Investments LLC increased its position in Shell by 0.7% during the 2nd quarter. Clearbridge Investments LLC now owns 90,242 shares of the energy company’s stock valued at $6,514,000 after buying an additional 610 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Shell in the third quarter worth about $121,000. Finally, GAMMA Investing LLC grew its stake in shares of Shell by 15.7% during the third quarter. GAMMA Investing LLC now owns 5,061 shares of the energy company’s stock worth $334,000 after acquiring an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the topic of several research analyst reports. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $79.11.

Shell Stock Performance

SHEL opened at $65.82 on Monday. The stock has a market cap of $201.23 billion, a P/E ratio of 13.54, a P/E/G ratio of 6.46 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The firm has a fifty day moving average price of $64.17 and a 200 day moving average price of $67.28. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 14.54% and a net margin of 5.17%. Equities research analysts anticipate that Shell plc will post 8.11 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.35%. Shell’s dividend payout ratio (DPR) is 56.58%.

About Shell

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.