Wambolt & Associates LLC Trims Stock Position in Shell plc (NYSE:SHEL)

Wambolt & Associates LLC lessened its position in shares of Shell plc (NYSE:SHEL) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,780 shares of the energy company’s stock after selling 9,384 shares during the quarter. Wambolt & Associates LLC’s holdings in Shell were worth $2,054,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after buying an additional 3,255,347 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Shell during the fourth quarter worth $91,716,000. Holocene Advisors LP grew its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares during the period. Finally, Merewether Investment Management LP boosted its holdings in Shell by 41.0% during the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock valued at $101,877,000 after acquiring an additional 449,000 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Up 0.5 %

NYSE SHEL opened at $71.33 on Tuesday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The firm has a market cap 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 firm’s fifty day moving average is $67.17 and its two-hundred day moving average is $66.24. 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 (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%. Analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on SHEL shares. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. TD Securities raised their price target on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. Finally, TD Cowen started coverage on shares of Shell in a research note on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price target for the company. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Shell has a consensus rating of “Buy” and a consensus target price 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.