Addison Advisors LLC Boosts Stock Position in Shell plc (NYSE:SHEL)

Addison Advisors LLC lifted its stake in shares of Shell plc (NYSE:SHEL) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,342 shares of the energy company’s stock after purchasing an additional 187 shares during the quarter. Addison Advisors LLC’s holdings in Shell were worth $154,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Shell by 1.4% in the third quarter. UMB Bank n.a. now owns 29,698 shares of the energy company’s stock worth $1,912,000 after buying an additional 411 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Shell in the third quarter valued at about $219,000. Red Door Wealth Management LLC bought a new position in shares of Shell during the third quarter valued at about $233,000. Ballentine Partners LLC grew its stake in shares of Shell by 8.7% in the third quarter. Ballentine Partners LLC now owns 5,982 shares of the energy company’s stock worth $385,000 after purchasing an additional 481 shares during the last quarter. Finally, MCF Advisors LLC increased its holdings in Shell by 128.2% during the 3rd quarter. MCF Advisors LLC now owns 712 shares of the energy company’s stock valued at $46,000 after purchasing an additional 400 shares during the period. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

Shell Price Performance

Shares of Shell stock remained flat at $73.27 on Friday. The company’s stock had a trading volume of 3,880,010 shares, compared to its average volume of 4,799,317. The company’s 50 day moving average price is $67.62 and its two-hundred day moving average price is $65.87. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The company has a market cap of $235.75 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.74 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The business had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter last year, the company posted $2.76 EPS. As a group, research analysts predict that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were issued a $0.662 dividend. This represents a $2.65 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio is 48.59%.

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.