NTV Asset Management LLC Sells 450 Shares of Shell plc (NYSE:SHEL)

NTV Asset Management LLC lowered its position in Shell plc (NYSE:SHEL) by 6.4% in the 4th quarter, Holdings Channel reports. The fund owned 6,624 shares of the energy company’s stock after selling 450 shares during the quarter. NTV Asset Management LLC’s holdings in Shell were worth $415,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Americana Partners LLC lifted its position in Shell by 373.2% during the fourth quarter. Americana Partners LLC now owns 235,467 shares of the energy company’s stock valued at $14,752,000 after buying an additional 185,711 shares during the period. Strategic Advisors LLC boosted its stake in Shell by 63.3% during the fourth quarter. Strategic Advisors LLC now owns 6,531 shares of the energy company’s stock worth $409,000 after acquiring an additional 2,531 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Shell during the fourth quarter valued at approximately $39,000. J.W. Cole Advisors Inc. grew its stake in shares of Shell by 21.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 14,874 shares of the energy company’s stock worth $932,000 after buying an additional 2,615 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Shell during the fourth quarter valued at $293,000. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHEL. Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price 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 for the company in a report on Friday, January 3rd. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One 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 data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $79.11.

Shell Trading Down 0.3 %

Shares of NYSE:SHEL opened at $67.16 on Tuesday. The stock’s 50-day simple moving average is $64.61 and its two-hundred day simple moving average is $66.85. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The stock has a market capitalization of $205.33 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last released its quarterly earnings results 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 return on equity of 12.75% and a net margin of 5.57%. Analysts expect that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.26%. Shell’s dividend payout ratio is presently 54.78%.

About Shell

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.