Fort Sheridan Advisors LLC Has $3.78 Million Stock Position in Shell plc (NYSE:SHEL)

Fort Sheridan Advisors LLC decreased its holdings in Shell plc (NYSE:SHEL) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 60,316 shares of the energy company’s stock after selling 317 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Shell were worth $3,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its position in shares of Shell by 930.2% during 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 last quarter. Fortitude Family Office LLC bought a new position in Shell during the 3rd quarter valued at $30,000. Human Investing LLC bought a new stake in shares of Shell in the 4th quarter worth $31,000. Valley Wealth Managers Inc. purchased a new stake in shares of Shell in the third quarter valued at about $33,000. Finally, Brooklyn Investment Group purchased a new position in Shell during the third quarter worth about $35,000. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHEL has been the subject of several analyst reports. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Piper Sandler cut their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Shell currently has an average rating of “Buy” and a consensus price target of $79.11.

Shell Price Performance

SHEL opened at $67.26 on Friday. The company has a market capitalization of $204.55 billion, a price-to-earnings ratio of 13.40, a PEG 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 has a 50-day moving average price of $65.23 and a 200-day moving average price of $66.70. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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%. Equities analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.26%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 56.97%.

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.