Royal Fund Management LLC Boosts Stock Position in Shell plc (NYSE:SHEL)

Royal Fund Management LLC grew its stake in shares of Shell plc (NYSE:SHEL) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,804 shares of the energy company’s stock after buying an additional 869 shares during the period. Royal Fund Management LLC’s holdings in Shell were worth $1,171,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SHEL. Provence Wealth Management Group purchased a new position in Shell in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Shell during the 3rd quarter worth approximately $26,000. Rise Advisors LLC raised its holdings in shares of Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 189 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Shell during the 3rd quarter worth approximately $32,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Up 0.4 %

Shell stock traded up $0.26 during mid-day trading on Friday, hitting $72.37. The company’s stock had a trading volume of 4,407,390 shares, compared to its average volume of 4,739,239. The company has a 50 day moving average of $68.43 and a 200-day moving average of $66.05. The stock has a market cap of $232.86 billion, a PE ratio of 13.35, a P/E/G ratio of 1.71 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a one year low of $55.78 and a one year high of $73.94.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.94 by $0.28. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 13.78% and a net margin of 5.83%. During the same quarter in the prior year, the company posted $2.76 EPS. On average, research analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be given a dividend of $0.688 per share. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.80%. Shell’s dividend payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SHEL. TD Securities upped their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. TheStreet raised Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. Finally, Wells Fargo & Company boosted their target price on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Shell currently has an average rating of “Moderate Buy” and an average target price of $66.50.

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.