Stephens Inc. AR Sells 82,386 Shares of Shell plc (NYSE:SHEL)

Stephens Inc. AR reduced its position in shares of Shell plc (NYSE:SHELFree Report) by 48.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 87,102 shares of the energy company’s stock after selling 82,386 shares during the quarter. Stephens Inc. AR’s holdings in Shell were worth $5,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Valley National Advisers Inc. grew its stake in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC bought a new position in Shell in the third quarter valued at $30,000. Valley Wealth Managers Inc. bought a new stake in Shell during the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new position in shares of Shell during the 3rd quarter worth about $35,000. Finally, GHP Investment Advisors Inc. increased its position in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 0.4 %

Shares of NYSE:SHEL opened at $66.13 on Tuesday. The stock has a market cap of $202.19 billion, a PE ratio of 13.17, a P/E/G ratio of 0.98 and a beta of 0.54. 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 plc has a 12-month low of $60.15 and a 12-month high of $74.61. The business has a 50 day moving average of $64.29 and a 200-day moving average of $67.07.

Shell (NYSE:SHELGet Free Report) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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 research analysts forecast that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on SHEL shares. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler lowered their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $79.11.

View Our Latest Stock Report on SHEL

Shell Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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