Jones Financial Companies Lllp Purchases 34,103 Shares of Shell plc (NYSE:SHEL)

Jones Financial Companies Lllp lifted its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 59.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 91,534 shares of the energy company's stock after purchasing an additional 34,103 shares during the period. Jones Financial Companies Lllp's holdings in Shell were worth $5,735,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SHEL. Valley National Advisers Inc. boosted its holdings in 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 acquiring an additional 400 shares during the last quarter. Human Investing LLC bought a new position in Shell in the fourth quarter valued at about $31,000. Valley Wealth Managers Inc. bought a new position in Shell in the third quarter valued at about $33,000. Brooklyn Investment Group bought a new position in Shell in the third quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new position in Shell in the fourth quarter valued at about $39,000. Institutional investors own 28.60% of the company's stock.

Shell Stock Down 0.2 %

Shares of NYSE SHEL traded down $0.15 during mid-day trading on Wednesday, reaching $66.06. 5,750,100 shares of the company's stock were exchanged, compared to its average volume of 4,178,538. The firm has a market capitalization of $200.89 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.98 and a beta of 0.47. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $65.69 and a 200 day simple moving average of $66.50. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

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

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Friday, February 14th. Shell's payout ratio is currently 56.97%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SHEL shares. Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. 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. Finally, UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. One 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 stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $79.11.

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.