Bahl & Gaynor Inc. Cuts Stock Position in Shell plc (NYSE:SHEL)

Bahl & Gaynor Inc. trimmed its position in shares of Shell plc (NYSE:SHEL) by 2.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,850 shares of the energy company’s stock after selling 1,000 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Shell were worth $2,293,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SHEL. UMB Bank n.a. boosted its stake in Shell by 1.4% during the third quarter. UMB Bank n.a. now owns 29,698 shares of the energy company’s stock worth $1,912,000 after buying an additional 411 shares during the period. Aaron Wealth Advisors LLC bought a new stake in shares of Shell during the third quarter worth $219,000. Red Door Wealth Management LLC bought a new stake in shares of Shell during the third quarter worth $233,000. Ballentine Partners LLC lifted its position in shares of Shell by 8.7% during the third quarter. Ballentine Partners LLC now owns 5,982 shares of the energy company’s stock worth $385,000 after purchasing an additional 481 shares during the last quarter. Finally, MCF Advisors LLC lifted its position in shares of Shell by 128.2% during the third quarter. MCF Advisors LLC now owns 712 shares of the energy company’s stock worth $46,000 after purchasing an additional 400 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 report on Monday, January 29th.

Shell Price Performance

Shares of SHEL stock opened at $73.27 on Friday. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The firm has a market capitalization of $235.75 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The stock’s 50-day simple moving average is $67.62 and its 200-day simple moving average is $65.87.

Shell (NYSE:SHEL) last issued its quarterly earnings results 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 return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the previous year, the firm earned $2.76 earnings per share. As a group, equities analysts forecast that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a yield of 3.61%. Shell’s dividend payout ratio is currently 48.59%.

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.