Evolution Wealth Advisors LLC Grows Position in Shell plc (NYSE:SHEL)

Evolution Wealth Advisors LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 30.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,369 shares of the energy company’s stock after purchasing an additional 1,245 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Shell were worth $336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the period. Fisher Asset Management LLC grew its stake in shares of Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after acquiring an additional 507,311 shares during the period. Franklin Resources Inc. boosted its position 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 valued at $408,430,000 after acquiring an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after acquiring an additional 422,329 shares during the last quarter. Finally, 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 valued at $248,870,000 after acquiring an additional 866,954 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $65.96 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The business’s 50 day simple moving average is $64.22 and its two-hundred day simple moving average is $67.68. The stock has a market capitalization of $201.69 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 5.96 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The business had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. During the same period in the previous year, the company posted $1.86 earnings per share. Analysts forecast that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is 56.58%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SHEL shares. Wells Fargo & Company dropped their price target on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Piper Sandler dropped 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. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $79.69.

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.