Shell plc (NYSE:SHEL) Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its stake in shares of Shell plc (NYSE:SHEL) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,506 shares of the energy company’s stock after selling 2,570 shares during the quarter. Signaturefd LLC’s holdings in Shell were worth $3,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Van Hulzen Asset Management LLC raised its stake in shares of Shell by 1.9% in the 4th quarter. Van Hulzen Asset Management LLC now owns 189,310 shares of the energy company’s stock worth $11,860,000 after buying an additional 3,533 shares in the last quarter. Patten & Patten Inc. TN raised its position in Shell by 15.2% in the fourth quarter. Patten & Patten Inc. TN now owns 4,818 shares of the energy company’s stock worth $302,000 after acquiring an additional 635 shares in the last quarter. one8zero8 LLC acquired a new stake in Shell in the 4th quarter valued at about $207,000. Choate Investment Advisors grew its stake in shares of Shell by 119.0% in the 4th quarter. Choate Investment Advisors now owns 7,500 shares of the energy company’s stock worth $470,000 after purchasing an additional 4,076 shares during the last quarter. Finally, Harbour Investment Management LLC lifted its stake in Shell by 1.9% during the fourth quarter. Harbour Investment Management LLC now owns 31,298 shares of the energy company’s stock valued at $1,961,000 after purchasing an additional 583 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.5 %

NYSE:SHEL opened at $68.78 on Monday. The business’s 50-day moving average price is $66.44 and its two-hundred day moving average price is $66.21. The firm has a market capitalization of $209.17 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, equities analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is presently 56.97%.

Analyst Ratings Changes

Several research firms have issued reports on SHEL. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Morgan Stanley upgraded shares of 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 report on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $79.11.

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.