Cannell & Co. Has $2 Million Position in Shell plc (NYSE:SHEL)

Cannell & Co. lowered its stake in shares of Shell plc (NYSE:SHEL) by 23.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,329 shares of the energy company’s stock after selling 9,301 shares during the quarter. Cannell & Co.’s holdings in Shell were worth $1,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake 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 purchasing an additional 1,348 shares during the last quarter. FMR LLC lifted its stake in shares of Shell by 29.1% in the 3rd 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Shell by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock valued at $7,228,000 after acquiring an additional 6,138 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Shell by 11.0% in the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock valued at $40,771,000 after acquiring an additional 62,792 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in shares of Shell by 16.2% in the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock valued at $4,594,000 after acquiring an additional 9,924 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Shell Stock Down 1.0 %

Shares of NYSE:SHEL opened at $70.95 on Thursday. The firm has a market cap of $228.29 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.70 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.40 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. The business has a fifty day simple moving average of $68.10 and a 200 day simple moving average of $65.97.

Shell (NYSE:SHEL) last announced 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 business had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period last year, the company earned $2.76 EPS. Analysts predict that Shell plc will post 8.16 earnings per share for the current year.

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.