Thompson Siegel & Walmsley LLC Sells 300 Shares of Shell plc (NYSE:SHEL)

Thompson Siegel & Walmsley LLC lessened its stake in Shell plc (NYSE:SHEL) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,475 shares of the energy company’s stock after selling 300 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Shell were worth $970,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position 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 purchasing an additional 400 shares during the period. Human Investing LLC bought a new stake in shares of Shell during the 4th quarter valued at $31,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new stake in shares of Shell during the 3rd quarter valued at $35,000. Finally, Sierra Ocean LLC bought a new stake in shares of Shell during the 4th quarter valued at $39,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Up 1.5 %

Shares of SHEL stock opened at $68.78 on Friday. The stock has a market cap of $209.17 billion, a P/E ratio of 13.70, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $66.44 and its two-hundred day simple moving average is $66.29.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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 predict that Shell plc will post 7.67 EPS for the current fiscal 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 paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.16%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is presently 56.97%.

Wall Street Analysts Forecast Growth

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

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.