Strategic Financial Concepts LLC Makes New Investment in Shell plc (NYSE:SHEL)

Strategic Financial Concepts LLC bought a new stake in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,675 shares of the energy company's stock, valued at approximately $293,000.

Other hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. boosted its holdings 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 valued at $27,000 after buying an additional 400 shares in the last quarter. Fortitude Family Office LLC bought a new position in Shell in the 3rd quarter worth about $30,000. Valley Wealth Managers Inc. bought a new position in Shell in the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in Shell in the 3rd quarter worth about $35,000. Finally, GHP Investment Advisors Inc. boosted its stake in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock worth $37,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SHEL. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. Piper Sandler decreased their target price on 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 raised Shell from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their target price on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $79.11.

Shell Stock Performance

Shares of NYSE SHEL traded down $1.71 during midday trading on Friday, hitting $66.67. 3,329,664 shares of the company's stock traded hands, compared to its average volume of 4,032,481. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock has a market capitalization of $202.75 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm has a fifty day moving average of $64.89 and a 200 day moving average of $66.81.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data 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%. On average, analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.30%. Shell's payout ratio is 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.