Cookson Peirce & Co. Inc. Takes Position in Shell plc (NYSE:SHEL)

Cookson Peirce & Co. Inc. acquired a new position in shares of Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,351 shares of the energy company's stock, valued at approximately $774,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Shell by 0.9% during the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after buying an additional 301 shares in the last quarter. HF Advisory Group LLC raised its position in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock valued at $1,852,000 after buying an additional 4,028 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company's stock worth $206,116,000 after acquiring an additional 46,293 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. grew its stake in Shell by 266.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock valued at $7,645,000 after acquiring an additional 88,700 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently weighed in on SHEL shares. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $79.11.

Shell Trading Up 1.2 %

Shares of SHEL stock traded up $0.79 during trading hours on Friday, hitting $66.80. The company had a trading volume of 4,409,665 shares, compared to its average volume of 4,249,315. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The company's fifty day moving average is $65.98 and its 200 day moving average is $66.41. The stock has a market capitalization of $203.16 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly 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 return on equity of 12.75% and a net margin of 5.57%. Research analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.29%. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is 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.