Colonial Trust Advisors Sells 200 Shares of Shell plc (NYSE:SHEL)

Colonial Trust Advisors decreased its stake in Shell plc (NYSE:SHEL) by 23.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658 shares of the energy company’s stock after selling 200 shares during the period. Colonial Trust Advisors’ holdings in Shell were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CoreFirst Bank & Trust acquired a new position in shares of Shell during the 4th quarter worth approximately $28,000. Valley National Advisers Inc. grew its stake in shares of Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares in the last quarter. Human Investing LLC bought a new stake in Shell during the fourth quarter worth $31,000. Millstone Evans Group LLC acquired a new stake in Shell in the fourth quarter valued at $36,000. Finally, Summit Securities Group LLC increased its stake in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Down 6.8 %

Shares of SHEL opened at $59.54 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $180.02 billion, a PE ratio of 11.86, a P/E/G ratio of 0.98 and a beta of 0.27. The firm’s 50 day moving average is $67.66 and its 200-day moving average is $66.24. Shell plc has a 12 month low of $58.55 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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 research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.81%. The ex-dividend date was Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Analyst Ratings Changes

SHEL has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on Shell from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Piper Sandler reduced 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. Barclays reissued an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $78.98.

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.