Shell plc (NYSE:SHEL) Shares Bought by Iams Wealth Management LLC

Iams Wealth Management LLC raised its position in shares of Shell plc (NYSE:SHEL - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,545 shares of the energy company's stock after acquiring an additional 5,362 shares during the period. Iams Wealth Management LLC's holdings in Shell were worth $1,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC bought a new stake in Shell in the third quarter worth about $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in Shell in the 3rd quarter valued at $35,000. GHP Investment Advisors Inc. increased its stake in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock worth $37,000 after purchasing an additional 163 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in shares of Shell by 567.0% during the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company's stock valued at $41,000 after purchasing an additional 533 shares during the period. Institutional investors own 28.60% of the company's stock.

Analysts Set New Price Targets

SHEL has been the subject of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Scotiabank decreased their price target on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. Sanford C. Bernstein upgraded Shell to a "strong-buy" rating in a report on Friday, October 11th. Finally, Wells Fargo & Company decreased their price objective on Shell from $87.00 to $86.00 and set an "overweight" rating for the company in a report on Friday, January 10th. 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 company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $79.69.

Shell Stock Up 0.2 %

Shares of NYSE:SHEL traded up $0.10 during trading on Wednesday, reaching $64.68. The stock had a trading volume of 4,047,823 shares, compared to its average volume of 4,270,452. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $197.76 billion, a P/E ratio of 13.31, a PEG ratio of 5.89 and a beta of 0.55. The firm's 50-day simple moving average is $64.17 and its 200 day simple moving average is $67.42. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The business had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. During the same period in the previous year, the company earned $1.86 earnings per share. As a group, research analysts expect that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, November 15th. Shell's dividend payout ratio is presently 56.58%.

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.