Pathstone Holdings LLC Has $8.93 Million Stock Holdings in Shell plc (NYSE:SHEL)

Pathstone Holdings LLC cut its holdings in Shell plc (NYSE:SHEL - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,601 shares of the energy company's stock after selling 55,171 shares during the period. Pathstone Holdings LLC's holdings in Shell were worth $8,934,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CoreFirst Bank & Trust purchased a new stake in shares of Shell in the fourth quarter valued at about $28,000. Valley National Advisers Inc. raised its holdings in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Human Investing LLC acquired a new stake in shares of Shell in the 4th quarter worth $31,000. Transce3nd LLC purchased a new stake in shares of Shell during the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Shell in the 4th quarter worth about $36,000. Institutional investors own 28.60% of the company's stock.

Shell Stock Performance

SHEL traded down $0.08 on Tuesday, reaching $66.59. The stock had a trading volume of 2,522,480 shares, compared to its average volume of 4,296,526. The company has a market cap of $200.31 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The business's 50-day moving average price is $66.76 and its two-hundred day moving average price is $65.87. 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 12-month low of $58.55 and a 12-month high of $74.46.

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

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be paid a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio is currently 65.90%.

Shell announced that its Board of Directors has initiated a stock repurchase program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Hsbc Global Res raised Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank cut their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, TD Securities reaffirmed a "buy" rating on shares of Shell in a research report on Friday, April 4th. One analyst has rated the stock with a hold rating, eleven have issued 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 target price of $78.35.

Shell 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.