M&R Capital Management Inc. Sells 249 Shares of Shell plc (NYSE:SHEL)

M&R Capital Management Inc. lowered its stake in shares of Shell plc (NYSE:SHEL – Get Rating) by 14.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,484 shares of the energy company’s stock after selling 249 shares during the period. M&R Capital Management Inc.’s holdings in Shell were worth $85,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Capital Management LLC bought a new position in shares of Shell in the 3rd quarter worth approximately $27,000. Standard Family Office LLC bought a new position in shares of Shell in the 3rd quarter worth approximately $31,000. Penserra Capital Management LLC bought a new position in shares of Shell in the 3rd quarter worth approximately $35,000. Godsey & Gibb Inc. bought a new position in shares of Shell in the 3rd quarter worth approximately $36,000. Finally, City State Bank bought a new position in shares of Shell in the 3rd quarter worth approximately $39,000. Institutional investors own 7.74% of the company’s stock.

Shell Trading Down 1.3 %

Shares of SHEL opened at $53.95 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.37 and a quick ratio of 1.10. Shell plc has a 1 year low of $44.90 and a 1 year high of $62.75. The company has a 50 day simple moving average of $59.59 and a two-hundred day simple moving average of $56.22. The firm has a market cap of $194.07 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 0.60 and a beta of 0.65.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 27th. Investors of record on Friday, February 17th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, February 16th. This is a positive change from Shell’s previous quarterly dividend of $0.50. This represents a $2.30 dividend on an annualized basis and a dividend yield of 4.26%. Shell’s dividend payout ratio (DPR) is 20.14%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SHEL. AlphaValue raised shares of Shell to a “reduce” rating in a report on Tuesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Shell from GBX 2,900 ($35.34) to GBX 2,950 ($35.95) in a report on Friday, December 2nd. The Goldman Sachs Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Monday, February 27th. Morgan Stanley lowered shares of Shell from an “equal weight” rating to an “underweight” rating in a report on Thursday, February 9th. Finally, Wolfe Research lowered shares of Shell from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Shell currently has an average rating of “Hold” and a consensus price target of $2,879.86.

Shell Profile

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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 necessary to deliver gas to market.