Raymond James Financial Inc. Invests $91.72 Million in Shell plc (NYSE:SHEL)

Raymond James Financial Inc. purchased a new position in Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,463,946 shares of the energy company's stock, valued at approximately $91,716,000.

Other institutional investors also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its stake in shares of Shell by 930.2% in 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 during the period. Human Investing LLC acquired a new stake in Shell during the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new stake in Shell during the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in Shell during the third quarter valued at approximately $35,000. Finally, Sierra Ocean LLC acquired a new stake in Shell during the fourth quarter valued at approximately $39,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the subject of several recent research reports. Wolfe Research raised 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 shares of Shell from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on shares of Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Piper Sandler cut their price target on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $79.11.

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Shell Stock Up 0.0 %

Shell stock traded up $0.02 during trading hours on Monday, hitting $66.81. The company had a trading volume of 3,787,825 shares, compared to its average volume of 4,239,054. The firm has a market capitalization of $203.17 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. 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 firm's fifty day moving average is $65.98 and its 200-day moving average is $66.38. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data 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 5.57% and a return on equity of 12.75%. On average, research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared 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 a positive change from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.29%. Shell's dividend payout ratio 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.