Shell plc (NYSE:SHEL) Shares Sold by Hudson Portfolio Management LLC

Hudson Portfolio Management LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,050 shares of the energy company’s stock after selling 200 shares during the period. Hudson Portfolio Management LLC’s holdings in Shell were worth $755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its stake 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 purchasing an additional 400 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in Shell during the 4th quarter worth about $28,000. Human Investing LLC acquired a new position in shares of Shell in the 4th quarter valued at about $31,000. Millstone Evans Group LLC purchased a new stake in shares of Shell in the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC boosted its position in Shell by 50.0% in the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHEL has been the topic of several analyst reports. Barclays restated an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank cut their price target on Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a research note on Friday. TD Cowen dropped their price objective on Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Piper Sandler reduced their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $77.73.

Shell Price Performance

SHEL stock opened at $62.05 on Friday. The business has a 50 day simple moving average of $67.56 and a 200-day simple moving average of $66.20. The firm has a market capitalization of $187.61 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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%. Equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is presently 56.97%.

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.