Shell plc (NYSE:SHEL) is Stamos Capital Partners L.P.'s 3rd Largest Position

Stamos Capital Partners L.P. grew its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 202,400 shares of the energy company's stock after purchasing an additional 34,720 shares during the quarter. Shell makes up about 3.0% of Stamos Capital Partners L.P.'s portfolio, making the stock its 3rd biggest holding. Stamos Capital Partners L.P.'s holdings in Shell were worth $12,680,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SHEL. Bragg Financial Advisors Inc raised its holdings in Shell by 0.4% in the 4th quarter. Bragg Financial Advisors Inc now owns 132,930 shares of the energy company's stock valued at $8,328,000 after acquiring an additional 587 shares during the last quarter. Altman Advisors Inc. lifted its position in Shell by 2.6% during the fourth quarter. Altman Advisors Inc. now owns 24,166 shares of the energy company's stock worth $1,514,000 after buying an additional 622 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in Shell during the fourth quarter worth $554,000. Townsquare Capital LLC increased its stake in shares of Shell by 44.3% in the 4th quarter. Townsquare Capital LLC now owns 159,626 shares of the energy company's stock worth $10,001,000 after acquiring an additional 49,011 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its position in shares of Shell by 2,758.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 9,662 shares of the energy company's stock valued at $605,000 after acquiring an additional 9,324 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SHEL. Scotiabank cut their price objective on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday. TD Securities reaffirmed a "buy" rating on shares of Shell in a research report on Friday, April 4th. 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 research report on Friday, January 3rd. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $77.73.

Shell Stock Up 1.3 %

Shell stock traded up $0.82 during mid-day trading on Tuesday, reaching $63.36. 479,999 shares of the company's stock were exchanged, compared to its average volume of 4,292,016. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. The company has a market cap of $191.57 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.98 and a beta of 0.27. The company has a fifty day moving average of $67.48 and a 200-day moving average of $66.18.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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%. Sell-side analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is 56.97%.

About Shell

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.