Octavia Wealth Advisors LLC Lowers Stock Position in Shell plc (NYSE:SHEL)

Octavia Wealth Advisors LLC lowered its position in Shell plc (NYSE:SHEL) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,751 shares of the energy company’s stock after selling 840 shares during the period. Octavia Wealth Advisors LLC’s holdings in Shell were worth $2,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its holdings in Shell by 14.7% during the fourth quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock worth $693,000 after buying an additional 1,348 shares during the last quarter. FMR LLC grew its stake in Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares in the last quarter. LPL Financial LLC grew its stake in Shell by 11.0% in the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock worth $40,771,000 after buying an additional 62,792 shares in the last quarter. Synovus Financial Corp grew its stake in Shell by 16.2% in the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock worth $4,594,000 after buying an additional 9,924 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Shell by 7.1% in the 3rd quarter. American Century Companies Inc. now owns 622,675 shares of the energy company’s stock worth $40,088,000 after buying an additional 41,460 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 1.1 %

Shares of SHEL traded down $0.81 during mid-day trading on Tuesday, reaching $71.13. The company’s stock had a trading volume of 3,404,758 shares, compared to its average volume of 4,783,271. The stock has a market cap of $228.87 billion, a PE ratio of 12.71, a P/E/G ratio of 2.21 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94. The company’s fifty day moving average price is $66.07 and its two-hundred day moving average price is $65.36.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. During the same period in the previous year, the business posted $2.76 EPS. On average, analysts predict that Shell plc will post 8.18 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were issued a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a yield of 3.72%. Shell’s dividend payout ratio is currently 48.59%.

Analysts Set New Price Targets

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

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.