Oppenheimer Asset Management Inc. Has $11.20 Million Holdings in Shell plc (NYSE:SHEL)

Oppenheimer Asset Management Inc. cut its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,706 shares of the energy company's stock after selling 23,196 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Shell were worth $11,196,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Shell in the third quarter worth approximately $30,000. Human Investing LLC purchased a new stake in shares of Shell in the 4th quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new position in Shell in the 3rd quarter worth approximately $33,000. Finally, Brooklyn Investment Group acquired a new stake in Shell during the 3rd quarter valued at $35,000. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SHEL shares. Wells Fargo & Company lowered their price target on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. One investment 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. According to data from MarketBeat.com, Shell presently has a consensus rating of "Buy" and an average price target of $79.11.

Shell Stock Down 1.4 %

NYSE:SHEL traded down $0.97 during trading hours on Monday, reaching $66.49. The company's stock had a trading volume of 6,499,348 shares, compared to its average volume of 4,025,296. Shell plc has a one year low of $60.15 and a one year high of $74.61. The business's 50-day moving average is $65.49 and its 200-day moving average is $66.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The company has a market cap of $202.22 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Equities research analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is 56.97%.

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.