Wesbanco Bank Inc. Lowers Stock Position in Shell plc (NYSE:SHEL)

Wesbanco Bank Inc. lowered its stake in shares of Shell plc (NYSE:SHEL) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,774 shares of the energy company’s stock after selling 1,363 shares during the period. Wesbanco Bank Inc.’s holdings in Shell were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $79.69.

Shell Stock Up 1.1 %

Shares of NYSE:SHEL opened at $66.66 on Friday. The business has a 50-day moving average price of $64.22 and a 200 day moving average price of $67.68. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $203.80 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 5.96 and a beta of 0.55.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The business had revenue of $72.46 billion during the quarter, compared to analyst estimates of $84.58 billion. During the same period last year, the business posted $1.86 earnings per share. Sell-side analysts expect that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.13%. 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.