Tradition Wealth Management LLC Sells 179 Shares of Shell plc (NYSE:SHEL)

Tradition Wealth Management LLC lessened its position in shares of Shell plc (NYSE:SHELFree Report) by 22.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 602 shares of the energy company’s stock after selling 179 shares during the quarter. Tradition Wealth Management LLC’s holdings in Shell were worth $40,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Scotia Capital Inc. increased its position in Shell by 1.1% in the 4th quarter. Scotia Capital Inc. now owns 188,883 shares of the energy company’s stock valued at $12,428,000 after buying an additional 1,993 shares in the last quarter. Pingora Partners LLC bought a new stake in Shell in the 4th quarter valued at about $1,306,000. Evoke Wealth LLC lifted its position in shares of Shell by 4.4% during the fourth quarter. Evoke Wealth LLC now owns 11,437 shares of the energy company’s stock worth $753,000 after acquiring an additional 484 shares in the last quarter. Catalytic Wealth RIA LLC bought a new position in shares of Shell in the fourth quarter worth $524,000. Finally, WorthPointe LLC purchased a new position in shares of Shell in the fourth quarter valued at $233,000. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.9 %

Shares of SHEL stock traded up $1.33 on Friday, hitting $72.78. 3,739,175 shares of the company’s stock traded hands, compared to its average volume of 3,511,840. Shell plc has a one year low of $55.78 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. The stock has a market capitalization of $232.55 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.87 and a beta of 0.59. The company’s fifty day simple moving average is $71.45 and its 200 day simple moving average is $66.84.

Shell (NYSE:SHELGet Free Report) last released its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The firm had revenue of $74.70 billion for the quarter, compared to analysts’ expectations of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. Equities analysts forecast that Shell plc will post 8.37 EPS for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be given a $0.688 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a yield of 3.78%. Shell’s dividend payout ratio is 50.74%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Securities raised their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Wells Fargo & Company raised their price objective on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Check Out Our Latest Report on SHEL

About Shell

(Free Report)

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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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