Lowe Brockenbrough & Co. Inc. Trims Holdings in Shell plc (NYSE:SHEL)

Lowe Brockenbrough & Co. Inc. decreased its holdings in Shell plc (NYSE:SHEL) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,931 shares of the energy company’s stock after selling 150 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Shell were worth $1,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in Shell during the 3rd quarter worth $4,695,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Shell by 60.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,482 shares of the energy company’s stock worth $889,000 after buying an additional 5,104 shares during the last quarter. First Horizon Advisors Inc. raised its position in Shell by 3.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 11,425 shares of the energy company’s stock worth $754,000 after buying an additional 328 shares during the last quarter. Cypress Capital Group purchased a new position in Shell during the 3rd quarter worth $218,000. Finally, Thompson Siegel & Walmsley LLC raised its position in Shell by 1.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 15,775 shares of the energy company’s stock worth $1,040,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of a number of analyst reports. TD Cowen started coverage on shares of Shell in a research report on Wednesday. They set a “buy” rating and a $81.00 price objective for the company. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. TD Securities upped their price target on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley raised shares of 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. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $79.48.

Shell Price Performance

Shell stock opened at $71.08 on Friday. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The stock has a market capitalization of $214.91 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.98 and a beta of 0.47. The firm’s 50-day moving average is $67.05 and its two-hundred day moving average is $66.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. Equities analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend 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.