Crestwood Advisors Group LLC Purchases 1,556 Shares of Shell plc (NYSE:SHEL)

Crestwood Advisors Group LLC lifted its position in shares of Shell plc (NYSE:SHEL) by 15.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,369 shares of the energy company’s stock after acquiring an additional 1,556 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Shell were worth $712,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in Shell by 45.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,181 shares of the energy company’s stock valued at $1,067,000 after purchasing an additional 5,050 shares in the last quarter. International Assets Investment Management LLC boosted its position in Shell by 6,510.1% during the third quarter. International Assets Investment Management LLC now owns 352,649 shares of the energy company’s stock valued at $23,257,000 after purchasing an additional 347,314 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after purchasing an additional 225 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its position in Shell by 8.5% during the third quarter. Modera Wealth Management LLC now owns 6,123 shares of the energy company’s stock valued at $404,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.1 %

Shares of NYSE:SHEL opened at $66.94 on Wednesday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The stock has a market cap of $203.57 billion, a price-to-earnings ratio of 13.33, 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 business has a 50-day moving average price of $65.09 and a 200-day moving average price of $66.70.

Shell (NYSE:SHEL) last announced its quarterly earnings data 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%. Equities analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.97%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, January 3rd. Piper Sandler lowered 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. 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 Shell from an “equal weight” rating to an “overweight” rating and raised their price target 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 given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Shell has an average rating of “Buy” and an average price target 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.