Fidelis Capital Partners LLC Increases Position in Shell plc (NYSE:SHEL)

Fidelis Capital Partners LLC lifted its position in Shell plc (NYSE:SHEL) by 42.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,882 shares of the energy company’s stock after purchasing an additional 1,764 shares during the period. Fidelis Capital Partners LLC’s holdings in Shell were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. grew its stake in Shell by 50.3% during the fourth quarter. Federated Hermes Inc. now owns 89,164 shares of the energy company’s stock valued at $5,867,000 after acquiring an additional 29,851 shares in the last quarter. Tranquility Partners LLC grew its stake in Shell by 12.3% during the fourth quarter. Tranquility Partners LLC now owns 4,204 shares of the energy company’s stock valued at $277,000 after acquiring an additional 462 shares in the last quarter. Key Financial Inc grew its stake in Shell by 63.7% during the fourth quarter. Key Financial Inc now owns 789 shares of the energy company’s stock valued at $52,000 after acquiring an additional 307 shares in the last quarter. Tyche Wealth Partners LLC purchased a new position in Shell during the fourth quarter valued at $247,000. Finally, Keel Point LLC lifted its position in Shell by 20.4% during the fourth quarter. Keel Point LLC now owns 4,940 shares of the energy company’s stock valued at $325,000 after purchasing an additional 838 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Shell Price Performance

Shell stock opened at $72.08 on Friday. The firm has a 50-day moving average price of $66.52 and a 200-day moving average price of $65.49. The firm has a market capitalization of $231.93 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.17 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 12-month low of $55.78 and a 12-month high of $73.94.

Shell (NYSE:SHEL) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. The firm had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter last year, the business earned $2.76 EPS. As a group, equities research analysts forecast that Shell plc will post 8.18 EPS for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were issued a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.67%. Shell’s dividend payout ratio (DPR) is presently 48.59%.

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.