Shell plc (NYSE:SHEL) Shares Sold by Portland Global Advisors LLC

Portland Global Advisors LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,535 shares of the energy company’s stock after selling 2,730 shares during the quarter. Portland Global Advisors LLC’s holdings in Shell were worth $1,224,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SHEL. Foster Group Inc. raised its holdings in shares of Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after acquiring an additional 162 shares during the period. Warther Private Wealth LLC boosted its stake in shares of Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after buying an additional 169 shares during the period. Klingman & Associates LLC raised its holdings in shares of Shell by 5.2% in the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after purchasing an additional 170 shares in the last quarter. RHS Financial LLC increased 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 purchasing an additional 173 shares during the last quarter. Finally, Doliver Advisors LP lifted its position in Shell by 5.2% in the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.7 %

Shares of Shell stock opened at $72.74 on Friday. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The business’s fifty day moving average price is $67.68 and its two-hundred day moving average price is $66.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The company has a market capitalization of $219.95 billion, a P/E ratio of 14.49, a PEG ratio of 0.98 and a beta of 0.47.

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

Shell Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.94%. 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 is currently 56.97%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. TD Securities upped their price objective on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. TD Cowen began coverage on Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price objective for the company. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their price target on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $80.10.

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.