Shell plc (NYSE:SHEL) Holdings Increased by HF Advisory Group LLC

HF Advisory Group LLC increased its holdings in Shell plc (NYSE:SHEL - Free Report) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,560 shares of the energy company's stock after buying an additional 4,028 shares during the period. HF Advisory Group LLC's holdings in Shell were worth $1,852,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Coronation Fund Managers Ltd. lifted its holdings in Shell by 7.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company's stock valued at $1,097,000 after purchasing an additional 1,068 shares in the last quarter. Blair William & Co. IL boosted its position in Shell by 0.6% during the second quarter. Blair William & Co. IL now owns 67,671 shares of the energy company's stock worth $4,884,000 after acquiring an additional 395 shares during the last quarter. Hsbc Holdings PLC grew its stake in Shell by 46.0% in the 2nd quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company's stock worth $3,048,000 after acquiring an additional 13,299 shares during the period. Brighton Jones LLC raised its holdings in Shell by 3.2% in the 2nd quarter. Brighton Jones LLC now owns 7,033 shares of the energy company's stock valued at $508,000 after acquiring an additional 215 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of Shell by 65.4% during the second quarter. Ieq Capital LLC now owns 33,343 shares of the energy company's stock worth $2,407,000 after purchasing an additional 13,185 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

SHEL stock traded up $0.29 during trading on Friday, hitting $66.74. 3,486,045 shares of the company's stock traded hands, compared to its average volume of 3,512,029. The stock has a fifty day moving average price of $64.19 and a two-hundred day moving average price of $67.78. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The stock has a market capitalization of $205.36 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. Shell's dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

SHEL has been the subject of a number of research analyst reports. Citigroup raised shares of Shell to a "hold" rating in a research note on Wednesday, October 2nd. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded 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. Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Finally, Scotiabank lowered their price target on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Shell currently has a consensus rating of "Buy" and a consensus target price of $79.69.

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.