Bulltick Wealth Management LLC lessened its position in Shell plc (NYSE:SHEL - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,408 shares of the energy company's stock after selling 39,127 shares during the quarter. Bulltick Wealth Management LLC's holdings in Shell were worth $2,970,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its position in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after buying an additional 400 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Shell during the 4th quarter worth $28,000. Human Investing LLC acquired a new position in shares of Shell during the 4th quarter valued at about $31,000. Transce3nd LLC acquired a new stake in Shell during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new position in Shell in the 4th quarter valued at about $36,000. 28.60% of the stock is owned by institutional investors and hedge funds.
Shell Stock Up 1.7 %
Shares of Shell stock traded up $1.08 during trading on Friday, hitting $66.16. 4,584,184 shares of the stock were exchanged, compared to its average volume of 4,322,956. Shell plc has a 12-month low of $58.55 and a 12-month high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market cap of $199.01 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The firm's 50-day moving average price is $66.74 and its 200 day moving average price is $65.86.
Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The business had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. As a group, analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.
Shell announced that its Board of Directors has authorized a share buyback plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.
Shell Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be given a $0.716 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.33%. Shell's dividend payout ratio (DPR) is presently 65.90%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Scotiabank decreased their price objective on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price objective on Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday. TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. TD Cowen decreased their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $77.35.
View Our Latest Stock 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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