Birmingham Capital Management Co. Inc. AL Has $751,000 Stock Position in Shell plc (NYSE:SHEL)

Birmingham Capital Management Co. Inc. AL trimmed its position in shares of Shell plc (NYSE:SHELFree Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,415 shares of the energy company’s stock after selling 190 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Shell were worth $751,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Shell in the third quarter valued at approximately $39,000. Charles Schwab Investment Management Inc. grew its stake in shares of Shell by 64.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,977 shares of the energy company’s stock worth $4,634,000 after acquiring an additional 28,165 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Shell in the third quarter valued at about $303,000. Headlands Technologies LLC purchased a new position in Shell during the third quarter worth about $32,000. Finally, Rhumbline Advisers grew its position in Shell by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 27,123 shares of the energy company’s stock worth $1,746,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the topic of a number of recent analyst reports. Argus lifted their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. TD Securities upped their price objective on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company upped their price target on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Shell currently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

View Our Latest Stock Analysis on Shell

Shell Price Performance

Shell stock traded down $0.76 during mid-day trading on Friday, hitting $69.01. 4,108,339 shares of the company traded hands, compared to its average volume of 4,425,972. The stock has a fifty day moving average price of $71.77 and a 200-day moving average price of $67.13. The stock has a market cap of $219.42 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.81 and a beta of 0.60. Shell plc has a one year low of $58.14 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.

Shell (NYSE:SHELGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The firm had revenue of $74.70 billion during 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%. On average, equities analysts predict that Shell plc will post 8.37 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.99%. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s payout ratio is currently 50.74%.

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.

See Also

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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.