Net Worth Advisory Group Reduces Stock Position in Shell plc (NYSE:SHEL)

Net Worth Advisory Group cut its holdings in shares of Shell plc (NYSE:SHEL) by 22.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,179 shares of the energy company’s stock after selling 2,395 shares during the quarter. Net Worth Advisory Group’s holdings in Shell were worth $512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valley National Advisers Inc. increased its holdings in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Human Investing LLC acquired a new position in shares of Shell in the 4th quarter worth approximately $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Shell in the 3rd quarter worth approximately $35,000. Finally, Rakuten Securities Inc. grew its position in shares of Shell by 567.0% in the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after acquiring an additional 533 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Up 0.0 %

Shares of Shell stock opened at $66.81 on Tuesday. The business’s fifty day moving average price is $66.08 and its two-hundred day moving average price is $66.35. 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 $203.17 billion, a P/E ratio of 13.31, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last announced its earnings results 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 net margin of 5.57% and a return on equity of 12.75%. As a group, research analysts forecast that Shell plc will post 7.67 EPS for the current 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 $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analysts Set New Price Targets

Several research analysts have recently commented on SHEL shares. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, 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 report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Shell presently has an average rating of “Buy” and a consensus price target of $79.11.

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.