Physician Wealth Advisors Inc. Invests $76,000 in Shell plc (NYSE:SHEL)

Physician Wealth Advisors Inc. acquired a new position in Shell plc (NYSE:SHEL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,221 shares of the energy company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SHEL. Fisher Asset Management LLC lifted its position in Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after purchasing an additional 408,088 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Shell by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares during the period. Holocene Advisors LP boosted its position in shares of Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after acquiring an additional 866,954 shares in the last quarter. Jennison Associates LLC raised its position in Shell by 1.0% during the fourth quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company’s stock valued at $190,772,000 after purchasing an additional 30,844 shares in the last quarter. Finally, Merewether Investment Management LP boosted its holdings in shares of Shell by 41.0% in the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock valued at $101,877,000 after purchasing an additional 449,000 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SHEL. TD Cowen initiated coverage on Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price objective for the company. Wells Fargo & Company increased their target price on shares of Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, March 26th. Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a research report on Wednesday. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $80.10.

Shell Stock Performance

NYSE SHEL opened at $72.74 on Monday. The company has a market capitalization of $219.95 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock has a fifty day simple moving average of $67.68 and a 200 day simple moving average of $66.42. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 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%. Sell-side analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 3.94%. Shell’s dividend payout ratio is 56.97%.

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.