Shell plc (NYSE:SHEL) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lowered its stake in shares of Shell plc (NYSE:SHEL) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,760 shares of the energy company’s stock after selling 385 shares during the period. Mission Wealth Management LP’s holdings in Shell were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. Valley National Advisers Inc. boosted its stake 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 in the last quarter. Human Investing LLC purchased a new stake in Shell during the fourth quarter worth $31,000. Valley Wealth Managers Inc. acquired a new stake in Shell in the third quarter valued at $33,000. Brooklyn Investment Group purchased a new position in shares of Shell in the third quarter valued at $35,000. Finally, Rakuten Securities Inc. boosted its position in shares of Shell by 567.0% in the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after buying an additional 533 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Shell Stock Down 1.4 %

SHEL opened at $66.49 on Tuesday. The stock has a market capitalization of $202.22 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The business has a 50-day moving average of $65.49 and a two-hundred day moving average of $66.59.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 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.