Kestra Private Wealth Services LLC Grows Stock Position in Shell plc (NYSE:SHEL)

Kestra Private Wealth Services LLC raised its position in Shell plc (NYSE:SHEL) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,847 shares of the energy company’s stock after purchasing an additional 413 shares during the period. Kestra Private Wealth Services LLC’s holdings in Shell were worth $2,819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHEL. Founders Capital Management raised its stake in shares of Shell by 25.4% during the fourth quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after acquiring an additional 168 shares in the last quarter. Osborne Partners Capital Management LLC lifted its stake in Shell by 1.0% in the third quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock worth $1,057,000 after acquiring an additional 169 shares during the period. Abacus Planning Group Inc. lifted its position in shares of Shell by 3.5% in the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock worth $329,000 after purchasing an additional 169 shares during the period. Roberts Wealth Advisors LLC increased its holdings in shares of Shell by 0.7% in the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock valued at $1,749,000 after acquiring an additional 172 shares during the period. Finally, Advisor OS LLC grew its stake in Shell by 4.1% in the third quarter. Advisor OS LLC now owns 4,450 shares of the energy company’s stock valued at $286,000 after purchasing an additional 176 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Shell Trading Down 1.0 %

NYSE SHEL opened at $70.95 on Thursday. The company has a fifty day simple moving average of $68.10 and a two-hundred day simple moving average of $65.97. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a market cap of $228.29 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.70 and a beta of 0.59.

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. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter in the prior year, the company earned $2.76 EPS. On average, analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

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.