Miracle Mile Advisors LLC lifted its position in shares of Shell plc (NYSE:SHEL - Free Report) by 62.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,439 shares of the energy company's stock after purchasing an additional 8,655 shares during the quarter. Miracle Mile Advisors LLC's holdings in Shell were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. Procyon Advisors LLC grew its stake in shares of Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company's stock worth $335,000 after buying an additional 159 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after acquiring an additional 163 shares in the last quarter. Beddow Capital Management Inc. boosted its stake in Shell by 0.3% in the 2nd quarter. Beddow Capital Management Inc. now owns 61,061 shares of the energy company's stock worth $4,407,000 after purchasing an additional 165 shares in the last quarter. Doliver Advisors LP grew its position in Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company's stock valued at $228,000 after purchasing an additional 180 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in Shell by 2.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company's stock valued at $520,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 28.60% of the company's stock.
Shell Stock Performance
Shares of SHEL traded up $0.48 on Wednesday, reaching $66.39. The company's stock had a trading volume of 3,459,024 shares, compared to its average volume of 4,395,285. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The stock has a market capitalization of $204.30 billion, a P/E ratio of 13.66, a PEG ratio of 4.84 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock's 50 day simple moving average is $64.24 and its two-hundred day simple moving average is $67.91.
Shell Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.15%. Shell's dividend payout ratio (DPR) is 56.58%.
Wall Street Analysts Forecast Growth
SHEL has been the topic of a number of recent analyst reports. Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Wolfe Research raised 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. Sanford C. Bernstein raised Shell to a "strong-buy" rating in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on Shell from $87.00 to $86.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $79.69.
Check Out Our Latest Report on SHEL
About Shell
(
Free Report)
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.
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