Integrated Advisors Network LLC Sells 6,471 Shares of Shell plc (NYSE:SHEL)

Integrated Advisors Network LLC reduced its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent 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 SEC filing.

Several other large investors also recently modified their holdings of the stock. FMR LLC grew its position in Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares during the last quarter. Voloridge Investment Management LLC grew its position in Shell by 170.3% in the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after acquiring an additional 2,182,253 shares during the last quarter. Raymond James Financial Inc. bought a new position in Shell in the fourth quarter valued at about $91,716,000. Freestone Grove Partners LP bought a new position in Shell in the fourth quarter valued at about $83,204,000. Finally, Merewether Investment Management LP grew its position in Shell by 46.5% in the fourth quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company's stock valued at $141,777,000 after acquiring an additional 718,233 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Securities reissued a "buy" rating on shares of Shell in a research note on Friday, April 4th. Piper Sandler lifted their price target on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Barclays reissued an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Hsbc Global Res raised Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Shell presently has a consensus rating of "Buy" and an average price target of $78.35.

Shell Trading Down 0.3%

Shares of Shell stock traded down $0.20 during midday trading on Friday, reaching $66.24. The company had a trading volume of 3,432,149 shares, compared to its average volume of 4,297,326. The stock has a fifty day moving average price of $66.01 and a 200 day moving average price of $65.81. 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 firm has a market cap of $197.98 billion, a PE ratio of 13.20, a P/E/G ratio of 0.98 and a beta of 0.38. Shell plc has a fifty-two week low of $58.55 and a fifty-two week high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. The business had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. Shell had a return on equity of 12.75% and a net margin of 5.57%. During the same period in the previous year, the company posted $2.40 earnings per share. On average, equities analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

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

Shell announced that its board has approved a stock buyback plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to buy up to 1.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.