Stock Yards Bank & Trust Co. Cuts Stock Holdings in Shell plc (NYSE:SHEL)

Stock Yards Bank & Trust Co. decreased its position in Shell plc (NYSE:SHEL) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,513 shares of the energy company’s stock after selling 1,801 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Shell were worth $1,350,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in shares of Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Shell by 162.9% during the 3rd quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock worth $113,538,000 after acquiring an additional 1,092,670 shares during the period. Wellington Management Group LLP increased its position in Shell by 10.7% during the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the last quarter. L1 Capital Pty Ltd raised its holdings in Shell by 188.7% in the 3rd quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after buying an additional 800,365 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Shell by 7,154.1% in the third quarter. Lazard Asset Management LLC now owns 785,622 shares of the energy company’s stock valued at $50,578,000 after buying an additional 774,792 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

SHEL stock opened at $72.76 on Wednesday. The business’s fifty day moving average price is $67.03 and its 200 day moving average price is $65.72. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The company has a market capitalization of $234.11 billion, a PE ratio of 12.86, a P/E/G ratio of 2.22 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the prior year, the company earned $2.76 earnings per share. On average, sell-side analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is presently 48.59%.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

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.