Sanctuary Advisors LLC Reduces Position in Shell plc (NYSE:SHEL)

Sanctuary Advisors LLC cut its position in shares of Shell plc (NYSE:SHEL) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 151,484 shares of the energy company’s stock after selling 384 shares during the period. Sanctuary Advisors LLC’s holdings in Shell were worth $10,096,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its holdings in Shell by 930.2% during the 4th 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 bought a new stake in Shell during the 3rd quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new stake in Shell during the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in Shell during the 3rd quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Up 1.1 %

NYSE SHEL opened at $67.87 on Wednesday. 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 firm has a market cap of $207.50 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a 50 day moving average price of $64.61 and a 200 day moving average price of $66.85. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is presently 54.78%.

Analyst Ratings Changes

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