SOL Capital Management CO Cuts Stock Holdings in Shell plc (NYSE:SHEL)

SOL Capital Management CO lessened its position in shares of Shell plc (NYSE:SHEL) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,828 shares of the energy company’s stock after selling 1,700 shares during the quarter. SOL Capital Management CO’s holdings in Shell were worth $992,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SHEL. Crews Bank & Trust purchased a new position in shares of Shell during the 4th quarter valued at approximately $93,000. Hanson & Doremus Investment Management lifted its holdings in Shell by 19.6% during the fourth quarter. Hanson & Doremus Investment Management now owns 5,906 shares of the energy company’s stock valued at $370,000 after purchasing an additional 969 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Shell in the fourth quarter valued at about $8,910,000. Iams Wealth Management LLC raised its position in shares of Shell by 21.3% during the 4th quarter. Iams Wealth Management LLC now owns 30,545 shares of the energy company’s stock worth $1,914,000 after purchasing an additional 5,362 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Shell in the 4th quarter valued at about $160,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the topic of several research reports. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company decreased their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. 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’s stock. According to data from MarketBeat, Shell presently has a consensus rating of “Buy” and an average target price of $79.11.

Shell Trading Down 1.3 %

SHEL opened at $65.82 on Friday. The business’s 50 day moving average price is $64.17 and its 200 day moving average price is $67.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a market capitalization of $201.23 billion, a PE ratio of 13.54, a P/E/G ratio of 6.46 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last released its quarterly 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 14.54% and a net margin of 5.17%. As a group, equities research analysts expect that Shell plc will post 8.11 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is 56.58%.

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.