Shell plc (NYSE:SHEL) Shares Acquired by Choreo LLC

Choreo LLC boosted its stake in shares of Shell plc (NYSE:SHEL) by 17.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 91,225 shares of the energy company’s stock after acquiring an additional 13,617 shares during the period. Choreo LLC’s holdings in Shell were worth $5,644,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Shell by 42.7% during 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 in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Shell by 2.0% during the second 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of Shell in the third quarter worth about $121,000. GAMMA Investing LLC grew its stake in Shell by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,061 shares of the energy company’s stock valued at $334,000 after acquiring an additional 688 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its stake in Shell by 14.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,965 shares of the energy company’s stock worth $261,000 after purchasing an additional 489 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of recent research reports. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $79.11.

Shell Trading Down 0.1 %

SHEL opened at $66.55 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market cap of $203.49 billion, a P/E ratio of 13.26, a P/E/G ratio of 6.57 and a beta of 0.54. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The business has a fifty day simple moving average of $64.25 and a 200-day simple moving average of $67.18.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, equities analysts expect that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. Shell’s payout ratio is 54.78%.

Shell 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.