Shell plc (NYSE:SHEL) Shares Sold by Callan Capital LLC

Callan Capital LLC trimmed its position in Shell plc (NYSE:SHEL) by 26.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,730 shares of the energy company’s stock after selling 2,057 shares during the quarter. Callan Capital LLC’s holdings in Shell were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHEL. Valley National Advisers Inc. boosted its holdings in Shell by 930.2% in 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 acquired a new stake in Shell in the 3rd quarter worth about $30,000. Human Investing LLC acquired a new stake in Shell in the 4th quarter worth about $31,000. Valley Wealth Managers Inc. acquired a new stake in Shell in the 3rd quarter worth about $33,000. Finally, Brooklyn Investment Group acquired a new stake in Shell in the 3rd quarter worth about $35,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHEL. Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, 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 report on Friday, January 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Trading Down 2.5 %

SHEL opened at $66.67 on Friday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The stock has a market capitalization of $202.75 billion, a PE ratio of 13.28, a P/E/G ratio of 0.98 and a beta of 0.54. The business’s 50 day moving average price is $64.89 and its 200 day moving average price is $66.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced 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 positive change 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 4.30%. Shell’s payout ratio is presently 56.97%.

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.