Shufro Rose & Co. LLC Buys 200 Shares of Shell plc (NYSE:SHEL)

Shufro Rose & Co. LLC grew its stake in Shell plc (NYSE:SHEL) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,650 shares of the energy company’s stock after acquiring an additional 200 shares during the period. Shufro Rose & Co. LLC’s holdings in Shell were worth $1,201,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC boosted its stake in shares of Shell by 4.5% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 6,651 shares of the energy company’s stock valued at $438,000 after purchasing an additional 288 shares in the last quarter. Bank OZK bought a new position in shares of Shell during the fourth quarter valued at approximately $433,000. Addison Advisors LLC boosted its stake in shares of Shell by 8.7% during the fourth quarter. Addison Advisors LLC now owns 2,342 shares of the energy company’s stock valued at $154,000 after purchasing an additional 187 shares in the last quarter. Truist Financial Corp lifted its position in Shell by 13.0% during the fourth quarter. Truist Financial Corp now owns 305,459 shares of the energy company’s stock valued at $20,099,000 after acquiring an additional 35,045 shares during the last quarter. Finally, Callan Capital LLC lifted its position in Shell by 48.9% during the fourth quarter. Callan Capital LLC now owns 4,679 shares of the energy company’s stock valued at $308,000 after acquiring an additional 1,536 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Shell Stock Performance

Shares of NYSE SHEL remained flat at $73.27 during midday trading on Friday. 3,880,010 shares of the company’s stock were exchanged, compared to its average volume of 4,799,317. The company’s 50-day moving average is $67.62 and its 200-day moving average is $65.87. The company has a market cap of $235.75 billion, a PE ratio of 12.95, a P/E/G ratio of 1.74 and a beta of 0.62. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. 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 (NYSE:SHEL) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter last year, the company posted $2.76 earnings per share. Analysts predict that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

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

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.