Shell plc (NYSE:SHEL) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lowered its holdings in Shell plc (NYSE:SHEL - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,308 shares of the energy company's stock after selling 6,471 shares during the quarter. Integrated Advisors Network LLC's holdings in Shell were worth $646,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SHEL. Valley National Advisers Inc. boosted its position in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Shell during the fourth quarter worth approximately $28,000. Human Investing LLC acquired a new stake in shares of Shell during the fourth quarter worth $31,000. Transce3nd LLC acquired a new stake in Shell in the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Shell in the fourth quarter valued at approximately $36,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.3%

NYSE SHEL traded down $0.20 on Friday, hitting $66.24. The stock had a trading volume of 3,432,149 shares, compared to its average volume of 4,300,269. The stock has a market cap of $197.98 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.46. 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 business's fifty day moving average price is $66.01 and its 200 day moving average price is $65.81.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. The company had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a return on equity of 12.75% and a net margin of 5.57%. During the same quarter last year, the firm posted $2.40 EPS. Equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio is presently 65.90%.

Analysts Set New Price Targets

SHEL has been the subject of a number of research analyst reports. TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Scotiabank reduced their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler lifted their target price on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Finally, Barclays reissued an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $78.35.

Shell Profile

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.