Evolution Wealth Advisors LLC Invests $271,000 in Shell plc (NYSE:SHEL)

Evolution Wealth Advisors LLC bought a new position in Shell plc (NYSE:SHEL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,124 shares of the energy company’s stock, valued at approximately $271,000.

A number of other hedge funds have also recently modified their holdings of SHEL. Private Trust Co. NA boosted its position in Shell by 14.7% during 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 in the last quarter. FMR LLC boosted its position in Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Shell by 5.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock worth $7,228,000 after purchasing an additional 6,138 shares in the last quarter. LPL Financial LLC boosted its position in Shell by 11.0% during the third quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock worth $40,771,000 after purchasing an additional 62,792 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in Shell by 16.2% during the third quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock worth $4,594,000 after purchasing an additional 9,924 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shell Price Performance

Shares of Shell stock traded up $1.05 during mid-day trading on Friday, reaching $72.08. 5,567,916 shares of the stock traded hands, compared to its average volume of 4,794,529. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $231.93 billion, a PE ratio of 12.73, a PEG ratio of 2.17 and a beta of 0.62. The business has a 50-day moving average of $66.52 and a 200 day moving average of $65.49.

Shell (NYSE:SHEL) last posted 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. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter last year, the firm earned $2.76 earnings per share. On average, analysts predict that Shell plc will post 8.18 EPS for the current year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is presently 48.59%.

Shell Profile

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.