Shell plc (NYSE:SHEL) Shares Sold by Delta Asset Management LLC TN

Delta Asset Management LLC TN lessened its holdings in Shell plc (NYSE:SHEL) by 30.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,480 shares of the energy company’s stock after selling 1,065 shares during the period. Delta Asset Management LLC TN’s holdings in Shell were worth $155,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Foster Group Inc. boosted its position in shares of Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after buying an additional 162 shares during the period. Warther Private Wealth LLC grew its position in Shell by 5.5% in the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after acquiring an additional 169 shares in the last quarter. Klingman & Associates LLC raised its stake in shares of Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after purchasing an additional 170 shares during the period. RHS Financial LLC boosted its stake in shares of Shell by 3.1% in the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after purchasing an additional 173 shares during the period. Finally, Doliver Advisors LP grew its holdings in Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after purchasing an additional 180 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. TD Cowen started coverage on Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $80.10.

Shell Price Performance

Shares of NYSE SHEL opened at $73.00 on Thursday. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The firm has a market capitalization of $220.73 billion, a PE ratio of 14.54, a P/E/G ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The business’s fifty day moving average price is $67.43 and its two-hundred day moving average price is $66.33.

Shell (NYSE:SHEL) last posted 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%. On average, research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 56.97%.

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.