Founders Financial Alliance LLC Sells 2,990 Shares of Shell plc (NYSE:SHEL)

Founders Financial Alliance LLC lowered its position in shares of Shell plc (NYSE:SHEL) by 46.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,507 shares of the energy company’s stock after selling 2,990 shares during the period. Founders Financial Alliance LLC’s holdings in Shell were worth $220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SHEL. Valley National Advisers Inc. raised its holdings in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Human Investing LLC purchased a new position in Shell during the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. bought a new position in Shell in the third quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in Shell during the 3rd quarter valued at $35,000. Finally, Sierra Ocean LLC purchased a new position in shares of Shell in the 4th quarter valued at $39,000. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Shell Trading Up 0.0 %

NYSE:SHEL opened at $66.81 on Wednesday. The company has a market capitalization of $203.18 billion, a P/E ratio of 13.31, a PEG ratio of 0.98 and a beta of 0.47. 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 $60.15 and a 12 month high of $74.61. The firm has a fifty day simple moving average of $66.16 and a 200-day simple moving average of $66.31.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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 net margin of 5.57% and a return on equity of 12.75%. On average, equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.29%. Shell’s dividend payout ratio (DPR) is currently 56.97%.

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.