Shell plc (NYSE:SHEL) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its holdings in Shell plc (NYSE:SHEL) by 7.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,194 shares of the energy company’s stock after selling 543 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Shell were worth $451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after purchasing an additional 55,637 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after buying an additional 422,329 shares in the last quarter. Finally, Holocene Advisors LP increased its position in Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after buying an additional 866,954 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shell stock opened at $65.39 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The firm’s fifty day moving average price is $64.23 and its 200 day moving average price is $67.62. The company has a market capitalization of $199.92 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion during the quarter, compared to analyst estimates of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, research analysts forecast that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of brokerages have recently commented on SHEL. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Wolfe Research raised 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 raised Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $79.69.

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.