Neville Rodie & Shaw Inc. Sells 5,595 Shares of Shell plc (NYSE:SHEL)

Neville Rodie & Shaw Inc. lessened its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,300 shares of the energy company's stock after selling 5,595 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Shell were worth $6,984,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CoreFirst Bank & Trust bought a new position in shares of Shell in the 4th quarter valued at about $28,000. Valley National Advisers Inc. lifted its holdings in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Human Investing LLC bought a new position in shares of Shell in the 4th quarter valued at about $31,000. Transce3nd LLC bought a new position in shares of Shell in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC bought a new position in shares of Shell in the 4th quarter valued at about $36,000. Institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on SHEL. Hsbc Global Res raised shares of Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities reissued a "buy" rating on shares of Shell in a research note on Friday, April 4th. Wells Fargo & Company decreased their price objective on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Barclays reissued an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. One research 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. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $78.35.

Shell Trading Up 1.6%

Shares of Shell stock traded up $1.08 on Monday, hitting $67.30. 1,822,361 shares of the company traded hands, compared to its average volume of 4,290,417. The stock's 50 day moving average price is $66.01 and its 200-day moving average price is $65.81. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.46. The company has a market cap of $201.14 billion, a PE ratio of 13.42, a PEG ratio of 0.98 and a beta of 0.38.

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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 5.57% and a return on equity of 12.75%. During the same period last year, the company posted $2.40 earnings per share. Equities research analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors 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 4.26%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is 65.90%.

Shell declared that its Board of Directors has approved a share repurchase program on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Shell Company 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.