Shell plc (NYSE:SHEL) Holdings Decreased by Insight 2811 Inc.

Insight 2811 Inc. cut its holdings in shares of Shell plc (NYSE:SHEL) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,950 shares of the energy company’s stock after selling 716 shares during the quarter. Insight 2811 Inc.’s holdings in Shell were worth $310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in Shell during the fourth quarter valued at approximately $28,000. Valley National Advisers Inc. grew its holdings in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Human Investing LLC acquired a new position in shares of Shell in the fourth quarter worth $31,000. Brooklyn Investment Group acquired a new stake in Shell during the third quarter valued at $35,000. Finally, Millstone Evans Group LLC purchased a new position in Shell in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of several recent research reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded 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 reduced their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, TD Securities upped their price target on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. One 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 has a consensus rating of “Buy” and a consensus target price of $79.48.

Shell Price Performance

NYSE SHEL opened at $71.33 on Tuesday. The stock has a 50-day simple moving average of $67.17 and a 200 day simple moving average of $66.24. The stock has a market capitalization of $215.69 billion, a PE 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. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last posted 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%. Research analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.