Raab & Moskowitz Asset Management LLC Reduces Holdings in Shell plc (NYSE:SHEL)

Raab & Moskowitz Asset Management LLC trimmed its stake in Shell plc (NYSE:SHEL) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,765 shares of the energy company’s stock after selling 1,440 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Shell were worth $445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SHEL. Private Trust Co. NA increased its stake in shares of Shell by 14.7% in the 4th quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock worth $693,000 after acquiring an additional 1,348 shares in the last quarter. FMR LLC increased its stake in shares of Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after acquiring an additional 6,554,340 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Shell by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock worth $7,228,000 after acquiring an additional 6,138 shares in the last quarter. LPL Financial LLC increased its stake in Shell by 11.0% during the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock valued at $40,771,000 after purchasing an additional 62,792 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in Shell by 16.2% during the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock valued at $4,594,000 after purchasing an additional 9,924 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of SHEL stock remained flat at $73.27 during trading hours on Friday. 3,880,010 shares of the stock were exchanged, compared to its average volume of 4,799,317. The business has a 50 day moving average of $67.62 and a two-hundred day moving average of $65.87. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The firm has a market capitalization of $235.75 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.74 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 announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The firm had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period in the previous year, the business posted $2.76 earnings per share. Equities research analysts forecast that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were issued a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is 48.59%.

Wall Street Analysts Forecast Growth

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

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.