Americana Partners LLC Has $3.41 Million Stake in Shell plc (NYSE:SHEL)

Americana Partners LLC lifted its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 207.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,163 shares of the energy company's stock after purchasing an additional 35,221 shares during the quarter. Americana Partners LLC's holdings in Shell were worth $3,406,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Provence Wealth Management Group acquired a new stake in shares of Shell during the third quarter worth about $26,000. VisionPoint Advisory Group LLC acquired a new stake in Shell in the third quarter valued at approximately $26,000. Rise Advisors LLC raised its holdings in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company's stock valued at $27,000 after acquiring an additional 189 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Shell in the third quarter valued at approximately $32,000. Finally, Fortis Group Advisors LLC acquired a new stake in Shell in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BNP Paribas cut shares of Shell from an "outperform" rating to a "neutral" rating in a report on Wednesday, December 13th. TheStreet upgraded shares of Shell from a "c" rating to a "b-" rating in a research note on Monday, January 29th.

Shell Stock Up 1.5 %

Shell stock traded up $1.04 during mid-day trading on Friday, hitting $71.29. The company had a trading volume of 4,769,784 shares, compared to its average volume of 3,734,941. The stock has a market cap of $230.25 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 2.19 and a beta of 0.62. Shell plc has a 1 year low of $55.78 and a 1 year high of $71.41. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $65.01 and a 200 day moving average of $65.05.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The business had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same period last year, the firm posted $2.76 earnings per share. On average, sell-side analysts expect that Shell plc will post 8.12 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, February 15th. Shell's dividend payout ratio is presently 48.59%.

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.