Cwm LLC Cuts Holdings in Shell plc (NYSE:SHEL)

Cwm LLC decreased its position in shares of Shell plc (NYSE:SHEL) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,571 shares of the energy company’s stock after selling 430 shares during the period. Cwm LLC’s holdings in Shell were worth $3,788,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Provence Wealth Management Group purchased a new position in Shell in the third quarter worth about $26,000. VisionPoint Advisory Group LLC purchased a new position in Shell in the third quarter worth about $26,000. Rise Advisors LLC grew its position in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 189 shares in the last quarter. Valley National Advisers Inc. grew its position in Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Shell in the third quarter worth about $32,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

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

Shell Stock Up 0.5 %

Shares of NYSE SHEL opened at $73.15 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The company has a market cap of $235.37 billion, a P/E ratio of 12.92, a PEG ratio of 1.73 and a beta of 0.62. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94. The firm has a 50-day simple moving average of $67.23 and a two-hundred day simple moving average of $65.77.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same quarter in the previous year, the firm posted $2.76 earnings per share. Research analysts anticipate that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio is presently 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.