Shell plc (NYSE:SHEL) Holdings Lowered by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. reduced its holdings in Shell plc (NYSE:SHEL) by 20.4% during the fourth quarter, Holdings Channel reports. The firm owned 3,289 shares of the energy company’s stock after selling 845 shares during the period. Duncker Streett & Co. Inc.’s holdings in Shell were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Valley National Advisers Inc. increased its position 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 worth $27,000 after acquiring an additional 400 shares in the last quarter. Human Investing LLC acquired a new stake in Shell in the fourth quarter valued at approximately $31,000. Valley Wealth Managers Inc. acquired a new stake in Shell in the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the third quarter worth $35,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Shell in the fourth quarter worth $39,000. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of SHEL opened at $67.42 on Monday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $65.49 and a 200-day moving average of $66.63. The stock has a market capitalization of $205.03 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.25%. Shell’s payout ratio is presently 56.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHEL shares. 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 note on Thursday, December 19th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell has an average rating of “Buy” and an average target price of $79.11.

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.