Ibex Wealth Advisors Purchases New Position in Shell plc (NYSE:SHEL)

Ibex Wealth Advisors purchased a new position in shares of Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 142,217 shares of the energy company's stock, valued at approximately $8,910,000. Shell makes up about 1.0% of Ibex Wealth Advisors' holdings, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in shares of Shell in the 3rd quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell in the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in shares of Shell in the 3rd quarter valued at about $35,000. GHP Investment Advisors Inc. grew its position in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after buying an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Shell during the 4th quarter valued at about $40,000. Institutional investors own 28.60% of the company's stock.

Shell Trading Up 2.8 %

Shell stock traded up $1.82 during mid-day trading on Thursday, hitting $66.60. The company's stock had a trading volume of 6,232,636 shares, compared to its average volume of 4,384,175. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The business has a 50 day moving average price of $64.18 and a 200-day moving average price of $67.41. The stock has a market cap of $203.62 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL - Get Free Report) last announced 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 5.17% and a return on equity of 14.54%. As a group, analysts forecast that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, November 15th. Shell's payout ratio is 56.58%.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of research analyst reports. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Sanford C. Bernstein upgraded Shell to a "strong-buy" rating in a report on Friday, October 11th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Barclays upgraded Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $79.69.

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.