Shell plc (NYSE:SHEL) Shares Sold by Element Wealth LLC

Element Wealth LLC lowered its holdings in Shell plc (NYSE:SHEL) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,227 shares of the energy company’s stock after selling 470 shares during the quarter. Element Wealth LLC’s holdings in Shell were worth $410,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Provence Wealth Management Group acquired a new stake in shares of Shell during the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC bought a new stake in Shell in the 3rd quarter valued at $26,000. Rise Advisors LLC grew its holdings in shares of Shell by 84.4% in the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the last quarter. Valley National Advisers Inc. lifted its position in Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Shell during the 3rd quarter worth about $32,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Shell Stock Performance

Shares of SHEL traded up $0.38 during midday trading on Tuesday, reaching $72.77. 3,239,654 shares of the stock were exchanged, compared to its average volume of 4,761,133. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The company has a market cap of $234.15 billion, a P/E ratio of 12.79, a PEG ratio of 2.22 and a beta of 0.62. The stock’s 50 day simple moving average is $66.85 and its 200 day simple moving average is $65.66.

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, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter in the previous year, the business posted $2.76 earnings per share. On average, sell-side analysts expect that Shell plc will post 8.12 earnings per share for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is currently 48.59%.

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.