Bogart Wealth LLC Acquires 322 Shares of Shell plc (NYSE:SHEL)

Bogart Wealth LLC raised its holdings in Shell plc (NYSE:SHEL) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,068 shares of the energy company’s stock after acquiring an additional 322 shares during the quarter. Bogart Wealth LLC’s holdings in Shell were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares in the last quarter. HF Advisory Group LLC boosted its position in shares of Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after purchasing an additional 4,028 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after acquiring an additional 46,293 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. lifted its position in Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after acquiring an additional 88,700 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on SHEL shares. Wells Fargo & Company cut their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Piper Sandler cut their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research raised 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 report on Friday, January 3rd. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. 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. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $79.11.

Shell Stock Down 0.3 %

Shares of SHEL stock opened at $67.16 on Friday. The firm has a market capitalization of $205.33 billion, a P/E ratio of 13.38, a PEG ratio of 0.98 and a beta of 0.54. The firm’s fifty day moving average price is $64.56 and its two-hundred day moving average price is $66.97. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

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 the consensus estimate 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 predict that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.26%. Shell’s payout ratio is currently 54.78%.

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.