Y.D. More Investments Ltd Cuts Stock Holdings in Shell plc (NYSE:SHEL)

Y.D. More Investments Ltd lowered its holdings in shares of Shell plc (NYSE:SHEL) by 57.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 800 shares of the energy company’s stock after selling 1,100 shares during the quarter. Y.D. More Investments Ltd’s holdings in Shell were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its position 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 buying an additional 1,348 shares during the last quarter. FMR LLC grew its position 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 buying an additional 6,554,340 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position 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 buying an additional 6,138 shares during the last quarter. LPL Financial LLC boosted its stake in Shell by 11.0% in the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock worth $40,771,000 after purchasing an additional 62,792 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in Shell by 16.2% in the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock worth $4,594,000 after purchasing an additional 9,924 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Up 1.4 %

SHEL stock opened at $71.95 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94. The firm has a 50 day moving average of $68.10 and a 200 day moving average of $65.97. The stock has a market capitalization of $231.51 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. During the same period in the previous year, the business posted $2.76 EPS. Sell-side analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded 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.