Insigneo Advisory Services LLC Sells 704 Shares of Shell plc (NYSE:SHEL)

Insigneo Advisory Services LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 2.7% during the first quarter, HoldingsChannel reports. The fund owned 25,709 shares of the energy company’s stock after selling 704 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Shell were worth $1,884,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SHEL. FMR LLC boosted its stake in shares of Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Shell by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock valued at $1,562,412,000 after purchasing an additional 408,088 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Shell by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company’s stock valued at $500,123,000 after purchasing an additional 238,705 shares during the last quarter. Franklin Resources Inc. boosted its stake in Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company’s stock worth $377,352,000 after acquiring an additional 50,228 shares in the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company’s stock worth $216,980,000 after acquiring an additional 2,182,253 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SHEL shares. Sanford C. Bernstein lowered shares of Shell from an “outperform” rating to a “market perform” rating in a research note on Monday. TD Securities reissued a “buy” rating on shares of Shell in a research note on Friday, April 4th. Hsbc Global Res raised shares of Shell to a “strong-buy” rating in a research note on Tuesday, May 13th. TD Cowen cut their target price on shares of Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Shell currently has a consensus rating of “Buy” and an average price target of $78.26.

Shell Stock Down 1.5%

Shell stock opened at $71.44 on Tuesday. The firm’s fifty day moving average price is $66.19 and its two-hundred day moving average price is $66.11. The firm has a market capitalization of $213.51 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.98 and a beta of 0.39. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.46.

Shell (NYSE:SHEL) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.54 by $0.30. The company had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same quarter in the prior year, the company posted $2.40 earnings per share. On average, equities research analysts predict that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.01%. Shell’s dividend payout ratio is currently 65.90%.

Shell announced that its Board of Directors has approved a stock buyback plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to buy up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.