Shell plc (NYSE:SHEL) Position Boosted by SouthState Corp

SouthState Corp boosted its holdings in Shell plc (NYSE:SHEL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,019 shares of the energy company’s stock after acquiring an additional 560 shares during the period. SouthState Corp’s holdings in Shell were worth $5,265,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Aveo Capital Partners LLC boosted its stake in Shell by 20.0% in the 4th quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock worth $354,000 after purchasing an additional 896 shares during the period. Natixis Advisors L.P. boosted its stake in Shell by 0.9% in the 4th quarter. Natixis Advisors L.P. now owns 1,514,969 shares of the energy company’s stock worth $99,682,000 after purchasing an additional 13,366 shares during the period. Commonwealth Equity Services LLC raised its holdings in Shell by 9.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 364,343 shares of the energy company’s stock worth $23,974,000 after acquiring an additional 30,760 shares during the period. Fisher Asset Management LLC raised its holdings in Shell by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after acquiring an additional 477,432 shares during the period. Finally, Robertson Stephens Wealth Management LLC raised its holdings in Shell by 3.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,876 shares of the energy company’s stock worth $452,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Shell Price Performance

Shares of NYSE:SHEL traded up $1.16 during midday trading on Thursday, reaching $72.11. The company’s stock had a trading volume of 4,913,390 shares, compared to its average volume of 4,722,877. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The company has a market capitalization of $232.02 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.70 and a beta of 0.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The business’s fifty day simple moving average is $68.10 and its 200-day simple moving average is $65.97.

Shell (NYSE:SHEL) last announced its 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 return on equity of 14.69% and a net margin of 5.99%. The company had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. During the same period last year, the company posted $2.76 earnings per share. As a group, equities research analysts expect that Shell plc will post 8.16 EPS for the current fiscal year.

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.