Apollon Wealth Management LLC Sells 4,613 Shares of Shell plc (NYSE:SHEL)

Apollon Wealth Management LLC cut its stake in Shell plc (NYSE:SHEL) by 20.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,417 shares of the energy company’s stock after selling 4,613 shares during the period. Apollon Wealth Management LLC’s holdings in Shell were worth $1,091,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Valley National Advisers Inc. lifted its holdings in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after acquiring an additional 400 shares during the period. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter worth about $30,000. Valley Wealth Managers Inc. bought a new position in shares of Shell during the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in shares of Shell during the 3rd quarter worth about $35,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the period. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHEL. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $79.11.

Shell Stock Up 1.9 %

Shares of NYSE SHEL opened at $67.40 on Wednesday. The firm has a market capitalization of $206.06 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm’s 50-day moving average is $64.33 and its 200-day moving average is $67.03.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Equities analysts expect that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.25%. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.