Shell plc (NYSE:SHEL) Shares Acquired by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,954 shares of the energy company’s stock after purchasing an additional 375 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Shell were worth $2,315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley National Advisers Inc. raised its position in shares of 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. Fortitude Family Office LLC purchased a new position in Shell during the third quarter worth $30,000. Human Investing LLC purchased a new stake in shares of Shell in the fourth quarter valued at $31,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell during the third quarter valued at $33,000. Finally, Brooklyn Investment Group acquired a new position in Shell in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.2 %

Shares of NYSE SHEL opened at $67.26 on Friday. The stock has a fifty day moving average price of $65.23 and a 200 day moving average price of $66.70. The company has a market cap of $204.55 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.98 and a beta of 0.54. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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%. Research analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently declared 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 represents a $2.86 dividend on an annualized basis and a yield of 4.26%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SHEL. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research raised 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. Wells Fargo & Company lowered their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $66.50 to $79.80 in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Shell currently has an average 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.