Forum Financial Management LP Acquires 9,028 Shares of Shell plc (NYSE:SHEL)

Forum Financial Management LP lifted its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,916 shares of the energy company's stock after purchasing an additional 9,028 shares during the period. Forum Financial Management LP's holdings in Shell were worth $2,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in shares of Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Shell in the fourth quarter valued at about $28,000. Human Investing LLC bought a new stake in Shell in the 4th quarter valued at about $31,000. Millstone Evans Group LLC acquired a new stake in shares of Shell in the fourth quarter valued at approximately $36,000. Finally, Summit Securities Group LLC lifted its position in shares of Shell by 50.0% during the 4th 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 period. 28.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Finally, TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Shell currently has a consensus rating of "Buy" and an average target price of $77.73.

Shell Trading Down 0.3 %

Shares of NYSE:SHEL traded down $0.22 during mid-day trading on Wednesday, reaching $64.95. 3,232,943 shares of the company's stock were exchanged, compared to its average volume of 4,300,915. The firm has a market capitalization of $196.39 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.98 and a beta of 0.27. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. The business's fifty day moving average price is $67.22 and its 200-day moving average price is $66.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results 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%. On average, research analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.41%. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is 56.97%.

About Shell

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.