Jaffetilchin Investment Partners LLC Raises Stake in Shell plc (NYSE:SHEL)

Jaffetilchin Investment Partners LLC grew its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 2,758.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,662 shares of the energy company's stock after buying an additional 9,324 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in Shell were worth $605,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SHEL. Valley National Advisers Inc. lifted its stake in Shell by 930.2% in the 4th 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 bought a new stake in Shell during the 4th quarter worth $28,000. Human Investing LLC bought a new position in Shell in the fourth quarter valued at about $31,000. Millstone Evans Group LLC bought a new stake in shares of Shell during the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC raised its holdings in Shell by 50.0% in the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. TD Cowen dropped their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $77.73.

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Shell Stock Up 0.5 %

Shares of SHEL traded up $0.33 during midday trading on Monday, hitting $62.42. The company had a trading volume of 4,860,297 shares, compared to its average volume of 4,306,620. The company's 50-day simple moving average is $67.56 and its 200-day simple moving average is $66.20. 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 plc has a 1 year low of $58.55 and a 1 year high of $74.61. The firm has a market capitalization of $188.74 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts' consensus estimates 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 expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.59%. Shell's payout ratio is currently 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.