Shell plc (NYSE:SHEL) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC cut its stake in Shell plc (NYSE:SHEL - Free Report) by 39.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,152 shares of the energy company's stock after selling 149,737 shares during the quarter. Shell accounts for 2.9% of Huber Capital Management LLC's holdings, making the stock its 9th biggest position. Huber Capital Management LLC's holdings in Shell were worth $14,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after acquiring an additional 2,545 shares during the period. Private Advisor Group LLC lifted its stake in Shell by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock valued at $2,078,000 after purchasing an additional 301 shares during the last quarter. HF Advisory Group LLC boosted its holdings in shares of Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock valued at $1,852,000 after acquiring an additional 4,028 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Shell by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock worth $12,521,000 after purchasing an additional 14,937 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. grew its holdings in Shell by 266.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after acquiring an additional 88,700 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

NYSE SHEL traded down $5.64 on Friday, reaching $64.13. The company had a trading volume of 9,976,657 shares, compared to its average volume of 4,180,911. The stock has a market capitalization of $193.92 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The firm's 50 day moving average price is $68.12 and its 200 day moving average price is $66.53. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, equities analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.47%. The ex-dividend date was Friday, February 14th. Shell's payout ratio is currently 56.97%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen started coverage on shares of Shell in a research note on Wednesday, March 19th. They issued a "buy" rating and a $81.00 target price for the company. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Finally, Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $80.10.

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.