Nisa Investment Advisors LLC increased its stake in Shell plc (NYSE:SHEL – Free Report) by 10.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,139 shares of the energy company’s stock after acquiring an additional 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Shell were worth $134,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHEL. Procyon Advisors LLC lifted its stake in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after buying an additional 159 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the last quarter. Doliver Advisors LP raised its holdings in shares of Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after acquiring an additional 180 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Shell by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after purchasing an additional 196 shares during the last quarter. Finally, Bridge Creek Capital Management LLC raised its position in Shell by 0.4% in the fourth quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company’s stock valued at $3,353,000 after purchasing an additional 196 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. 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 research note on Friday, January 3rd. Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Scotiabank dropped their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $79.69.
Shell Stock Up 2.8 %
SHEL opened at $66.60 on Friday. The business has a 50 day moving average price of $64.18 and a two-hundred day moving average price of $67.41. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a market cap of $203.62 billion, a PE ratio of 13.70, a P/E/G ratio of 5.89 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.
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 for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 14.54% and a net margin of 5.17%. As a group, research analysts anticipate that Shell plc will post 8.16 EPS for the current year.
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.
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