Savvy Advisors Inc. Takes $594,000 Position in Shell plc (NYSE:SHEL)

Savvy Advisors Inc. acquired a new stake in shares of Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,485 shares of the energy company's stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. grew 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 valued at $27,000 after buying an additional 400 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Shell during the 4th quarter worth $28,000. Human Investing LLC acquired a new stake in shares of Shell in the 4th quarter valued at $31,000. Millstone Evans Group LLC bought a new position in Shell during the fourth quarter valued at about $36,000. Finally, Summit Securities Group LLC boosted its position in Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Scotiabank decreased their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. TD Securities reissued a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Wells Fargo & Company cut their price objective on shares of Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $77.73.

Shell Trading Up 1.5 %

SHEL traded up $0.98 during mid-day trading on Friday, hitting $65.01. The stock had a trading volume of 4,511,560 shares, compared to its average volume of 4,299,425. The stock's fifty day simple moving average is $67.36 and its 200-day simple moving average is $66.13. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.61. 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 has a market capitalization of $196.58 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal 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 issued a $0.716 dividend. This is a boost from Shell's previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.41%. Shell's dividend payout ratio (DPR) is presently 56.97%.

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.