Sage Mountain Advisors LLC Decreases Stock Holdings in Shell plc (NYSE:SHEL)

Sage Mountain Advisors LLC lessened its holdings in Shell plc (NYSE:SHEL) by 28.0% in the fourth quarter, Holdings Channel reports. The firm owned 8,648 shares of the energy company’s stock after selling 3,366 shares during the period. Sage Mountain Advisors LLC’s holdings in Shell were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. grew its holdings in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares during the period. Human Investing LLC bought a new position in shares of Shell during the 4th quarter worth $31,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the 3rd quarter worth about $33,000. Brooklyn Investment Group purchased a new stake in Shell during the third quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new position in Shell during the fourth quarter worth about $39,000. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Shell Price Performance

SHEL stock opened at $66.81 on Wednesday. The firm has a 50 day simple moving average of $66.16 and a two-hundred day simple moving average of $66.31. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market cap of $203.18 billion, a PE ratio of 13.31, a P/E/G ratio of 0.98 and a beta of 0.47. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, analysts predict that Shell plc will post 7.67 EPS 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 given a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 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.