Lmcg Investments LLC Trims Stake in Shell plc (NYSE:SHEL)

Lmcg Investments LLC cut its position in shares of Shell plc (NYSE:SHEL) by 83.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,271 shares of the energy company’s stock after selling 129,066 shares during the quarter. Lmcg Investments LLC’s holdings in Shell were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SHEL. Fortitude Family Office LLC purchased a new stake in shares of Shell in the 3rd quarter worth about $30,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the third quarter worth about $33,000. Brooklyn Investment Group purchased a new position in shares of Shell during the third quarter valued at approximately $35,000. GHP Investment Advisors Inc. boosted its position in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new position in Shell during the 4th quarter valued at approximately $40,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SHEL shares. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. 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. Piper Sandler reduced their price target 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. Finally, Scotiabank cut their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.69.

Shell Stock Performance

SHEL stock opened at $66.72 on Wednesday. The company has a market cap of $204.00 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 5.96 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock’s fifty day moving average price is $64.19 and its 200-day moving average price is $67.74.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same period in the previous year, the company posted $1.86 EPS. On average, equities analysts forecast that Shell plc will post 8.21 earnings per share for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is 56.58%.

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.