Tucker Asset Management LLC Purchases 685 Shares of Shell plc (NYSE:SHEL)

Tucker Asset Management LLC grew its position in Shell plc (NYSE:SHELFree Report) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,011 shares of the energy company’s stock after acquiring an additional 685 shares during the quarter. Tucker Asset Management LLC’s holdings in Shell were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SHEL. Team Hewins LLC bought a new position in Shell during the fourth quarter valued at $769,000. Private Trust Co. NA grew its holdings in shares of Shell by 14.7% in the fourth quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock worth $693,000 after purchasing an additional 1,348 shares during the last quarter. Westwood Global Investments LLC grew its holdings in shares of Shell by 14.4% in the fourth quarter. Westwood Global Investments LLC now owns 2,417,326 shares of the energy company’s stock worth $159,060,000 after purchasing an additional 304,871 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Shell in the fourth quarter worth about $22,628,000. Finally, Pingora Partners LLC bought a new position in shares of Shell in the fourth quarter worth about $1,306,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

SHEL has been the subject of several research analyst reports. Argus raised their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company lifted their price target on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, TD Securities lifted their price target on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Read Our Latest Report on Shell

Shell Trading Down 1.1 %

NYSE SHEL traded down $0.76 during trading on Friday, hitting $69.00. The stock had a trading volume of 4,109,381 shares, compared to its average volume of 3,183,590. The company has a market capitalization of $219.40 billion, a PE ratio of 12.73, a PEG ratio of 1.79 and a beta of 0.60. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $71.77 and a 200 day moving average price of $67.14. Shell plc has a twelve month low of $58.14 and a twelve month high of $74.61.

Shell (NYSE:SHELGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The firm had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. As a group, equities research analysts forecast that Shell plc will post 8.37 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a dividend of $0.688 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is presently 50.74%.

About Shell

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.