Mission Wealth Management LP Has $1.43 Million Stock Holdings in Shell plc (NYSE:SHEL)

Mission Wealth Management LP grew its position in shares of Shell plc (NYSE:SHEL) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,678 shares of the energy company’s stock after buying an additional 3,215 shares during the quarter. Mission Wealth Management LP’s holdings in Shell were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. FMR LLC grew its stake in shares of Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. Morgan Stanley raised its position in shares of Shell by 4.3% during the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after acquiring an additional 384,967 shares during the last quarter. Wellington Management Group LLP increased its position in Shell by 10.7% in the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the period. Bank of New York Mellon Corp lifted its position in Shell by 10.2% during 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. Finally, Pzena Investment Management LLC grew its position in shares of Shell by 1.6% during the 3rd quarter. Pzena Investment Management LLC now owns 3,939,739 shares of the energy company’s stock worth $253,640,000 after buying an additional 61,583 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shell stock opened at $70.95 on Thursday. The firm has a market capitalization of $228.29 billion, a P/E ratio of 12.54, a PEG ratio of 1.70 and a beta of 0.59. The business has a 50-day moving average of $68.10 and a 200-day moving average of $65.97. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94.

Shell (NYSE:SHEL) last issued its 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 firm had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter in the prior year, the firm earned $2.76 earnings per share. On average, equities analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.