Shell plc (NYSE:SHEL) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. reduced its stake in Shell plc (NYSE:SHEL) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,548 shares of the energy company’s stock after selling 2,020 shares during the period. Montag A & Associates Inc.’s holdings in Shell were worth $1,663,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SHEL. Valley National Advisers Inc. grew its stake in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Shell during the third quarter worth approximately $30,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in Shell during the 3rd quarter worth $35,000. Finally, GHP Investment Advisors Inc. increased its stake in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $79.11.

Shell Stock Down 0.3 %

SHEL stock opened at $67.16 on Monday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a market cap of $205.33 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.98 and a beta of 0.54. The company’s 50-day moving average price is $64.56 and its 200 day moving average price is $66.89.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, research analysts expect that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is 54.78%.

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.