Wrapmanager Inc. Sells 649 Shares of Shell plc (NYSE:SHEL)

Wrapmanager Inc. cut its holdings in Shell plc (NYSE:SHEL) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,896 shares of the energy company’s stock after selling 649 shares during the period. Wrapmanager Inc.’s holdings in Shell were worth $495,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEL. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares in the last quarter. Fortitude Family Office LLC acquired a new position in Shell in the 3rd quarter valued at $30,000. Human Investing LLC bought a new position in Shell in the 4th quarter valued at about $31,000. Valley Wealth Managers Inc. bought a new position in Shell in the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. Wells Fargo & Company reduced their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Stock Up 0.3 %

SHEL opened at $66.90 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $64.99 and its 200 day simple moving average is $66.73. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The stock has a market cap of $203.47 billion, a PE ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, research analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.28%. Shell’s payout ratio is currently 56.97%.

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.