Retirement Planning Co of New England Inc. Acquires Shares of 10,655 Shell plc (NYSE:SHEL)

Retirement Planning Co of New England Inc. purchased a new stake in Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,655 shares of the energy company's stock, valued at approximately $668,000.

Other hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares during the period. Human Investing LLC purchased a new position in Shell in the fourth quarter worth approximately $31,000. Brooklyn Investment Group purchased a new position in Shell in the third quarter worth approximately $35,000. Sierra Ocean LLC purchased a new position in shares of Shell during the fourth quarter worth $39,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Shell during the fourth quarter worth $40,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Down 1.2 %

NYSE SHEL traded down $0.88 during trading on Friday, reaching $71.08. 3,756,201 shares of the company's stock were exchanged, compared to its average volume of 3,958,949. The stock has a market cap of $214.91 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a 50 day moving average price of $67.05 and a two-hundred day moving average price of $66.26. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61.

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Shell (NYSE:SHEL - Get Free Report) last announced its quarterly 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 return on equity of 12.75% and a net margin of 5.57%. On average, equities research analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a $0.716 dividend. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, February 14th. Shell's payout ratio is presently 56.97%.

Wall Street Analyst Weigh In

SHEL has been the subject of several research analyst reports. TD Cowen initiated coverage on Shell in a research report on Wednesday. They set a "buy" rating and a $81.00 price target for the company. Morgan Stanley upgraded 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 research report on Tuesday, January 7th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Shell has an average rating of "Buy" and an average price target of $79.48.

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.