Verdence Capital Advisors LLC Has $634,000 Holdings in Shell plc (NYSE:SHEL)

Verdence Capital Advisors LLC lowered its stake in Shell plc (NYSE:SHEL) by 39.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,628 shares of the energy company’s stock after selling 6,147 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Shell were worth $634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SHEL. Provence Wealth Management Group bought a new stake in shares of Shell during the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC bought a new stake in Shell during the 3rd quarter valued at $26,000. Rise Advisors LLC raised its holdings in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Shell during the third quarter worth about $32,000. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 0.5 %

Shares of SHEL stock opened at $72.40 on Tuesday. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The company has a 50-day simple moving average of $66.85 and a two-hundred day simple moving average of $65.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The company has a market capitalization of $232.95 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 2.22 and a beta of 0.62.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period last year, the company posted $2.76 earnings per share. Research analysts anticipate that Shell plc will post 8.12 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were paid a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is 48.59%.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

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.