TCG Advisory Services LLC Has $650,000 Position in Shell plc (NYSE:SHEL)

TCG Advisory Services LLC lifted its holdings in Shell plc (NYSE:SHEL) by 141.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,885 shares of the energy company’s stock after buying an additional 5,792 shares during the quarter. TCG Advisory Services LLC’s holdings in Shell were worth $650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHEL. Raymond James Financial Services Advisors Inc. boosted its position in Shell by 11.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 340,523 shares of the energy company’s stock valued at $21,923,000 after buying an additional 34,850 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Shell by 33.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 22,362 shares of the energy company’s stock worth $1,440,000 after purchasing an additional 5,573 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new position in Shell during the 3rd quarter valued at about $373,000. J.W. Cole Advisors Inc. boosted its stake in shares of Shell by 10.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,143 shares of the energy company’s stock valued at $653,000 after purchasing an additional 956 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Shell by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,435,003 shares of the energy company’s stock valued at $285,526,000 after purchasing an additional 409,016 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.4 %

Shares of NYSE SHEL traded up $0.26 during mid-day trading on Friday, reaching $72.37. 4,407,390 shares of the company’s stock were exchanged, compared to its average volume of 4,739,239. 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 business has a fifty day simple moving average of $68.43 and a 200 day simple moving average of $66.03. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The firm has a market capitalization of $232.86 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.72 and a beta of 0.59.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.83% and a return on equity of 13.78%. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the previous year, the firm posted $2.76 earnings per share. As a group, equities analysts expect that Shell plc will post 8.22 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a $0.688 dividend. The ex-dividend date is Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a yield of 3.80%. Shell’s dividend payout ratio is presently 50.74%.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of recent analyst reports. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Wells Fargo & Company increased their price target on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Securities boosted their price objective on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

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.