Broyhill Asset Management Acquires New Shares in Shell plc (NYSE:SHEL)

Broyhill Asset Management bought a new position in shares of Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,240 shares of the energy company's stock, valued at approximately $266,000.

A number of other large investors have also bought and sold shares of SHEL. Valley National Advisers Inc. grew its holdings in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after buying an additional 400 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in Shell during the fourth quarter worth about $28,000. Human Investing LLC purchased a new stake in Shell in the 4th quarter valued at about $31,000. Millstone Evans Group LLC bought a new position in shares of Shell in the fourth quarter valued at approximately $36,000. Finally, Summit Securities Group LLC increased its position in shares of Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Shell from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. TD Securities reissued a "buy" rating on shares of Shell in a research note on Friday, April 4th. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Cowen dropped their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $77.73.

Shell Trading Up 1.5 %

Shares of SHEL traded up $0.98 during mid-day trading on Friday, hitting $65.01. 4,511,560 shares of the company's stock traded hands, compared to its average volume of 4,299,425. The firm has a market capitalization of $196.58 billion, a P/E ratio of 12.95, a PEG ratio of 0.98 and a beta of 0.27. The business's 50-day moving average price is $67.36 and its 200-day moving average price is $66.13. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. As a group, sell-side analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's dividend 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.