Addison Advisors LLC Boosts Position in Shell plc (NYSE:SHEL)

Addison Advisors LLC grew its stake in shares of Shell plc (NYSE:SHEL) by 8.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,342 shares of the energy company’s stock after purchasing an additional 187 shares during the period. Addison Advisors LLC’s holdings in Shell were worth $154,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SHEL. Provence Wealth Management Group acquired a new stake in Shell during the 3rd quarter worth $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Shell during the third quarter worth about $26,000. Rise Advisors LLC lifted its holdings in shares of Shell by 84.4% in the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares during the last quarter. Valley National Advisers Inc. grew its stake in Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Shell during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Shell Stock Performance

SHEL stock remained flat at $73.27 during midday trading on Friday. The company had a trading volume of 3,880,010 shares, compared to its average volume of 4,799,317. The stock’s fifty day moving average is $67.62 and its 200-day moving average is $65.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a market capitalization of $235.75 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.74 and a beta of 0.62. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same period last year, the firm posted $2.76 EPS. Research analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s payout ratio is currently 48.59%.

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.