Mitchell Mcleod Pugh & Williams Inc. Purchases Shares of 3,331 Shell plc (NYSE:SHEL)

Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,331 shares of the energy company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Equity Partners bought a new position in Shell during the third quarter worth about $204,000. Brookstone Capital Management lifted its position in shares of Shell by 150.5% during the 3rd quarter. Brookstone Capital Management now owns 10,743 shares of the energy company’s stock worth $732,000 after buying an additional 6,455 shares during the period. Commonwealth Equity Services LLC boosted its stake in Shell by 8.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 333,583 shares of the energy company’s stock valued at $21,476,000 after buying an additional 26,960 shares in the last quarter. FAS Wealth Partners Inc. raised its stake in Shell by 2.8% during the third quarter. FAS Wealth Partners Inc. now owns 6,179 shares of the energy company’s stock worth $398,000 after acquiring an additional 168 shares in the last quarter. Finally, RMR Wealth Builders bought a new position in shares of Shell during the third quarter valued at $213,000. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shell Trading Down 0.2 %

SHEL stock opened at $73.12 on Tuesday. The business has a fifty day moving average price of $67.81 and a 200 day moving average price of $65.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The stock has a market capitalization of $235.27 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 1.74 and a beta of 0.62.

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

Shell Dividend Announcement

The firm also recently declared 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 3.62%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is 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.