Capital Analysts LLC Reduces Stock Position in Shell plc (NYSE:SHEL)

Capital Analysts LLC lessened its stake in shares of Shell plc (NYSE:SHEL) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,125 shares of the energy company’s stock after selling 224 shares during the quarter. Capital Analysts LLC’s holdings in Shell were worth $140,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SHEL. FMR LLC lifted its stake in shares of Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Shell by 96,141.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock worth $818,414,000 after purchasing an additional 14,355,814 shares during the period. Wellington Management Group LLP bought a new position in shares of Shell in the 1st quarter worth approximately $677,739,000. Norges Bank bought a new position in shares of Shell in the 4th quarter worth approximately $658,071,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Shell in the 1st quarter worth approximately $549,346,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

Shell Price Performance

NYSE SHEL opened at $71.03 on Friday. Shell plc has a 12 month low of $55.78 and a 12 month high of $73.94. The stock has a market cap of $228.55 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.17 and a beta of 0.62. The company’s 50 day moving average is $66.37 and its two-hundred day moving average is $65.45. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The company had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter last year, the business earned $2.76 EPS. As a group, research analysts anticipate that Shell plc will post 8.18 earnings per share for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is currently 48.59%.

About Shell

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.