Haverford Trust Co Has $961,000 Stock Position in Shell plc (NYSE:SHEL)

Haverford Trust Co lessened its holdings in shares of Shell plc (NYSE:SHEL) by 43.5% during the 4th quarter, HoldingsChannel reports. The fund owned 15,344 shares of the energy company’s stock after selling 11,800 shares during the period. Haverford Trust Co’s holdings in Shell were worth $961,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SHEL. Foster Group Inc. increased its position in Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares during the last quarter. Warther Private Wealth LLC increased its holdings in Shell by 5.5% in the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after buying an additional 169 shares during the last quarter. Klingman & Associates LLC raised its position in 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 acquiring an additional 170 shares in the last quarter. RHS Financial LLC lifted its stake in 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 acquiring an additional 173 shares during the last quarter. Finally, Doliver Advisors LP increased its stake in shares of Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after purchasing an additional 180 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shell stock opened at $71.33 on Tuesday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The firm has a market cap of $215.69 billion, a P/E ratio of 14.21, 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 quick ratio of 1.10 and a current ratio of 1.35. The business’s fifty day moving average is $67.17 and its two-hundred day moving average is $66.24.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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 research analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Friday, February 14th. Shell’s payout ratio is currently 56.97%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SHEL. TD Cowen started coverage on shares of Shell in a report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price objective for the company. TD Securities increased their price objective on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $79.48.

Shell Company 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.