Shell plc (NYSE:SHEL) Stock Holdings Lessened by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. lowered its stake in shares of Shell plc (NYSE:SHEL) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,755 shares of the energy company’s stock after selling 194 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Shell were worth $1,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Procyon Advisors LLC increased its holdings in Shell by 3.2% in the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after buying an additional 159 shares during the last quarter. Foster Group Inc. lifted its stake in shares of Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after purchasing an additional 162 shares during the last quarter. GHP Investment Advisors Inc. raised its holdings in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares in the last quarter. RHS Financial LLC boosted its stake in shares of Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after acquiring an additional 173 shares in the last quarter. Finally, Doliver Advisors LP raised its stake in shares of Shell by 5.2% in the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after acquiring an additional 180 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SHEL. Scotiabank cut their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $79.11.

Shell Trading Down 0.6 %

NYSE SHEL opened at $66.11 on Friday. The stock has a market capitalization of $202.13 billion, a P/E ratio of 13.17, a P/E/G ratio of 6.57 and a beta of 0.54. Shell plc has a one year low of $60.15 and a one year high of $74.61. The business has a 50 day simple moving average of $64.25 and a 200 day simple moving average of $67.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last announced its earnings results 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 net margin of 5.57% and a return on equity of 12.75%. Research analysts expect that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.33%. Shell’s payout ratio is presently 54.78%.

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.