Fielder Capital Group LLC Has $383,000 Position in Shell plc (NYSE:SHEL)

Fielder Capital Group LLC raised its stake in Shell plc (NYSE:SHEL) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,113 shares of the energy company’s stock after purchasing an additional 766 shares during the period. Fielder Capital Group LLC’s holdings in Shell were worth $383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in Shell by 45.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,181 shares of the energy company’s stock valued at $1,067,000 after acquiring an additional 5,050 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Shell in the third quarter valued at approximately $30,000. Pinnacle Associates Ltd. grew its holdings in Shell by 24.0% during the third quarter. Pinnacle Associates Ltd. now owns 132,582 shares of the energy company’s stock worth $8,724,000 after buying an additional 25,635 shares in the last quarter. Goldstone Financial Group LLC bought a new position in Shell during the 3rd quarter valued at $329,000. Finally, Stephens Inc. AR boosted its holdings in Shell by 3.5% during the 3rd quarter. Stephens Inc. AR now owns 169,488 shares of the energy company’s stock worth $11,178,000 after acquiring an additional 5,800 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE SHEL opened at $67.26 on Friday. The company has a market cap of $204.55 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $65.23 and its two-hundred day simple moving average is $66.70. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

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 net margin of 5.57% and a return on equity of 12.75%. Research analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.26%. Shell’s dividend payout ratio is 56.97%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. 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 note on Friday, January 31st. Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, 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 note on Friday, January 3rd. One equities research 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 data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.