Shell plc (NYSE:SHEL) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its holdings in Shell plc (NYSE:SHEL - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,689 shares of the energy company's stock after selling 12,028 shares during the period. Shell comprises approximately 1.5% of Foundry Partners LLC's portfolio, making the stock its 8th biggest position. Foundry Partners LLC's holdings in Shell were worth $25,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Shell during the first quarter worth $443,000. Yousif Capital Management LLC purchased a new stake in shares of Shell during the first quarter worth $3,322,000. Synovus Financial Corp purchased a new stake in shares of Shell during the first quarter worth $1,018,000. Vontobel Holding Ltd. purchased a new stake in shares of Shell during the first quarter worth $791,000. Finally, Blair William & Co. IL bought a new position in Shell during the first quarter valued at about $2,090,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

Separately, TheStreet upgraded Shell from a "c" rating to a "b-" rating in a report on Monday, January 29th.

Shell Stock Up 1.5 %

NYSE SHEL traded up $1.04 during trading on Friday, hitting $72.07. 5,567,990 shares of the company traded hands, compared to its average volume of 4,501,991. Shell plc has a 12 month low of $55.78 and a 12 month high of $73.94. The business has a fifty day simple moving average of $66.68 and a 200 day simple moving average of $65.57. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $231.89 billion, a P/E ratio of 12.73, a PEG ratio of 2.20 and a beta of 0.62.

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

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a $0.662 dividend. This represents a $2.65 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, February 15th. Shell's dividend payout ratio is currently 48.59%.

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.

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