BBR Partners LLC Has $2.06 Million Position in Shell plc (NYSE:SHEL)

BBR Partners LLC lessened its position in Shell plc (NYSE:SHEL) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,890 shares of the energy company’s stock after selling 567 shares during the period. BBR Partners LLC’s holdings in Shell were worth $2,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. increased its stake in shares of Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the period. Human Investing LLC acquired a new stake in shares of Shell in the fourth quarter valued at about $31,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the third quarter valued at about $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Shell in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Wells Fargo & Company cut their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One investment 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 stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $79.11.

Shell Stock Down 0.2 %

Shares of NYSE:SHEL opened at $65.95 on Friday. The business’s 50 day simple moving average is $65.88 and its two-hundred day simple moving average is $66.49. The firm has a market cap of $200.58 billion, a P/E ratio of 13.14, a PEG ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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%. As a group, research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.34%. Shell’s dividend payout ratio is 56.97%.

Shell Company 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.