Russell Investments Group Ltd. Sells 21,662 Shares of Shell plc (NYSE:SHEL)

Russell Investments Group Ltd. lowered its stake in Shell plc (NYSE:SHEL) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 698,443 shares of the energy company’s stock after selling 21,662 shares during the period. Russell Investments Group Ltd.’s holdings in Shell were worth $45,958,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Provence Wealth Management Group bought a new position in shares of Shell in the third quarter worth about $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Shell in the third quarter worth $26,000. Rise Advisors LLC raised its stake in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares during the last quarter. Valley National Advisers Inc. grew its position in Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Shell during the third quarter valued at about $32,000. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Shell Price Performance

Shares of Shell stock opened at $73.12 on Tuesday. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The firm has a market cap of $235.27 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.74 and a beta of 0.62. The firm’s 50-day simple moving average is $67.81 and its 200-day simple moving average is $65.91.

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 analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter last year, the company posted $2.76 EPS. As a group, research analysts expect that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.62%. Shell’s payout ratio is 48.59%.

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.