Cantor Fitzgerald Investment Advisors L.P. Increases Position in Shell plc (NYSE:SHEL)

Cantor Fitzgerald Investment Advisors L.P. increased its stake in Shell plc (NYSE:SHEL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 331,460 shares of the energy company’s stock after buying an additional 2,453 shares during the period. Shell accounts for about 1.4% of Cantor Fitzgerald Investment Advisors L.P.’s holdings, making the stock its 16th largest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Shell were worth $20,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SHEL. Valley National Advisers Inc. lifted its position in Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Shell during the third quarter valued at $30,000. Valley Wealth Managers Inc. bought a new stake in Shell in the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in Shell during the 3rd quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.4 %

Shares of SHEL stock opened at $65.87 on Friday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The company has a market capitalization of $201.39 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.98 and a beta of 0.54. The company’s fifty day moving average price is $64.27 and its 200-day moving average price is $67.17.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Sell-side analysts expect that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 54.78%.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research analyst reports. Piper Sandler cut their target price 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. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company cut their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. One 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $79.11.

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.