Barlow Wealth Partners Inc. Invests $215,000 in Shell plc (NYSE:SHEL)

Barlow Wealth Partners Inc. acquired a new position in shares of Shell plc (NYSE:SHEL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,272 shares of the energy company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. Provence Wealth Management Group bought a new stake in Shell during the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC bought a new position in shares of Shell in the third quarter valued at $26,000. Rise Advisors LLC increased its holdings in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 189 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Shell in the third quarter valued at $32,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL traded up $0.19 during trading hours on Tuesday, reaching $72.98. 3,254,690 shares of the company traded hands, compared to its average volume of 4,691,007. Shell plc has a 1-year low of $55.78 and a 1-year high of $73.94. The stock has a market cap of $234.81 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59. The stock’s fifty day moving average is $68.81 and its 200 day moving average is $66.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be given a $0.688 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.77%. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Analysts Set New Price Targets

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

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.