Shell plc (NYSE:SHEL) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its holdings in Shell plc (NYSE:SHEL) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,888 shares of the energy company’s stock after acquiring an additional 564 shares during the period. CreativeOne Wealth LLC’s holdings in Shell were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Shell during the 3rd quarter worth approximately $5,154,000. World Investment Advisors LLC boosted its stake in shares of Shell by 37.0% during the third quarter. World Investment Advisors LLC now owns 5,594 shares of the energy company’s stock valued at $369,000 after acquiring an additional 1,512 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Shell in the 3rd quarter valued at about $2,552,000. Tidal Investments LLC lifted its holdings in Shell by 267.9% in the 3rd quarter. Tidal Investments LLC now owns 230,027 shares of the energy company’s stock valued at $15,170,000 after purchasing an additional 167,502 shares in the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Shell by 23.7% during the third quarter. Synovus Financial Corp now owns 105,674 shares of the energy company’s stock worth $6,969,000 after buying an additional 20,241 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of analyst reports. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Barclays restated an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. TD Securities reiterated a “buy” rating on shares of Shell in a report on Friday, April 4th. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $77.73.

Shell Stock Performance

Shares of SHEL stock opened at $65.01 on Friday. The company’s fifty day simple moving average is $67.31 and its 200-day simple moving average is $66.12. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61. The company has a market cap of $196.58 billion, a PE ratio of 12.95, a P/E/G ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 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, equities research analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.41%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Shell 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.