Sigma Planning Corp lowered its stake in shares of Shell plc (NYSE:SHEL – Free Report) by 70.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,644 shares of the energy company’s stock after selling 13,245 shares during the quarter. Sigma Planning Corp’s holdings in Shell were worth $371,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Provence Wealth Management Group bought a new position in Shell during the third quarter worth about $26,000. VisionPoint Advisory Group LLC bought a new position in Shell during the third quarter worth about $26,000. Rise Advisors LLC boosted its position in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. boosted its position in Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares during the period. Finally, Headlands Technologies LLC bought a new position in Shell during the third quarter worth about $32,000. Institutional investors own 28.60% of the company’s stock.
Shell Stock Performance
Shares of Shell stock opened at $73.28 on Friday. 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 stock has a market cap of $235.79 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. The firm’s 50-day moving average is $67.62 and its 200 day moving average is $65.87. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94.
Shell Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a $0.662 dividend. This represents a $2.65 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is presently 48.59%.
Analysts Set New Price Targets
Separately, TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.
Check Out Our Latest Stock Analysis on Shell
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.
Recommended Stories
- Five stocks we like better than Shell
- Are Penny Stocks a Good Fit for Your Portfolio?
- 3 Stocks Leading the U.S. Agriculture Comeback
- 5 Top Rated Dividend Stocks to Consider
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Alphabet Changes the Narrative with Its First-Ever Dividend
Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell plc (NYSE:SHEL – Free Report).
Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.