MSH Capital Advisors LLC Invests $582,000 in Shell plc (NYSE:SHEL)

MSH Capital Advisors LLC purchased a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,290 shares of the energy company's stock, valued at approximately $582,000.

A number of other institutional investors have also modified their holdings of SHEL. FMR LLC raised its stake in shares of Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Shell in the 4th quarter valued at about $91,716,000. Bridgewater Associates LP grew its position in shares of Shell by 523.9% during the fourth quarter. Bridgewater Associates LP now owns 831,000 shares of the energy company's stock worth $52,062,000 after buying an additional 697,806 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock valued at $1,562,412,000 after acquiring an additional 408,088 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Shell by 236.4% in the fourth quarter. National Bank of Canada FI now owns 445,422 shares of the energy company's stock worth $27,906,000 after acquiring an additional 313,018 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on SHEL. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Scotiabank lowered their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $77.73.

Shell Stock Down 1.6 %

Shares of NYSE:SHEL traded down $1.07 during midday trading on Monday, reaching $63.97. The company had a trading volume of 1,196,265 shares, compared to its average volume of 4,284,270. The stock has a market capitalization of $193.43 billion, a P/E ratio of 12.74, a PEG ratio of 0.98 and a beta of 0.27. The stock's fifty day moving average price is $67.31 and its 200-day moving average price is $66.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a one year low of $58.55 and a one year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.57% and a return on equity of 12.75%. Equities 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 declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is 56.97%.

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.