Greenleaf Trust Sells 10,158 Shares of Shell plc (NYSE:SHEL)

Greenleaf Trust cut its stake in shares of Shell plc (NYSE:SHEL) by 35.1% during the fourth quarter, HoldingsChannel reports. The firm owned 18,788 shares of the energy company’s stock after selling 10,158 shares during the quarter. Greenleaf Trust’s holdings in Shell were worth $1,177,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHEL. Golden State Equity Partners boosted its position in shares of Shell by 19.0% during the fourth quarter. Golden State Equity Partners now owns 3,389 shares of the energy company’s stock valued at $212,000 after buying an additional 542 shares during the period. Avantra Family Wealth Inc. bought a new position in Shell in the 4th quarter valued at $814,000. Independence Bank of Kentucky lifted its position in shares of Shell by 151.5% during the fourth quarter. Independence Bank of Kentucky now owns 14,975 shares of the energy company’s stock worth $938,000 after purchasing an additional 9,020 shares during the last quarter. Everett Harris & Co. CA grew its holdings in shares of Shell by 35.5% in the fourth quarter. Everett Harris & Co. CA now owns 309,269 shares of the energy company’s stock worth $19,376,000 after purchasing an additional 81,025 shares during the last quarter. Finally, RHS Financial LLC increased its holdings in Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 1.0 %

NYSE:SHEL opened at $65.21 on Tuesday. The firm has a market capitalization of $199.37 billion, a P/E ratio of 12.99, a PEG ratio of 6.57 and a beta of 0.55. The company’s fifty day moving average price is $64.18 and its 200-day moving average price is $67.23. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Shell plc will post 7.27 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is currently 56.97%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. Wells Fargo & Company dropped their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $79.11.

Shell 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.