SVB Wealth LLC Invests $750,000 in Shell plc (NYSE:SHEL)

SVB Wealth LLC bought a new position in Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,968 shares of the energy company's stock, valued at approximately $750,000.

A number of other institutional investors have also recently modified their holdings of the stock. Pettyjohn Wood & White Inc. boosted its position in shares of Shell by 1.0% during the fourth quarter. Pettyjohn Wood & White Inc. now owns 36,954 shares of the energy company's stock valued at $2,315,000 after buying an additional 375 shares during the last quarter. Fielder Capital Group LLC boosted its position in shares of Shell by 14.3% during the fourth quarter. Fielder Capital Group LLC now owns 6,113 shares of the energy company's stock valued at $383,000 after buying an additional 766 shares during the last quarter. Private Capital Management LLC boosted its position in shares of Shell by 16.4% during the third quarter. Private Capital Management LLC now owns 10,500 shares of the energy company's stock valued at $692,000 after buying an additional 1,476 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Shell by 3.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 5,671 shares of the energy company's stock valued at $355,000 after buying an additional 200 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Shell by 3.1% during the fourth quarter. QRG Capital Management Inc. now owns 201,575 shares of the energy company's stock valued at $12,629,000 after buying an additional 6,038 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $79.11.

Shell Trading Down 0.6 %

Shares of Shell stock traded down $0.41 on Tuesday, reaching $66.06. The company had a trading volume of 9,111,516 shares, compared to its average volume of 4,135,603. Shell plc has a 1 year low of $60.15 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 cap of $200.89 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.98 and a beta of 0.54. The firm's 50-day moving average price is $65.60 and its two-hundred day moving average price is $66.54.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly 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 return on equity of 12.75% and a net margin of 5.57%. As a group, research analysts predict that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.34%. 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.