Shell plc (NYSE:SHEL) Shares Sold by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC trimmed its holdings in Shell plc (NYSE:SHEL) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,277 shares of the energy company’s stock after selling 17,494 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Shell were worth $6,927,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Provence Wealth Management Group acquired a new position in shares of Shell in the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC acquired a new position in Shell during the 3rd quarter worth approximately $26,000. Rise Advisors LLC lifted its position in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 189 shares in 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 acquiring an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Shell during the 3rd quarter worth approximately $32,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday. TD Securities lifted their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Finally, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Shell has an average rating of “Moderate Buy” and an average price target of $66.50.

Shell Stock Performance

SHEL traded up $0.26 during trading on Friday, reaching $72.37. 4,407,390 shares of the company were exchanged, compared to its average volume of 4,739,239. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $68.43 and a 200 day moving average of $66.03. The stock has a market cap of $232.86 billion, a P/E ratio of 13.35, a PEG ratio of 1.72 and a beta of 0.59.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 13.78% and a net margin of 5.83%. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same period last year, the company earned $2.76 earnings per share. On average, sell-side analysts forecast that Shell plc will post 8.22 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be paid a $0.688 dividend. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.80%. Shell’s dividend payout ratio is presently 50.74%.

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.