Shell plc (NYSE:SHEL) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its position in Shell plc (NYSE:SHEL) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 460,092 shares of the energy company’s stock after selling 16,306 shares during the period. Corient Private Wealth LLC’s holdings in Shell were worth $28,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after buying an additional 2,545 shares during the period. Private Advisor Group LLC raised its stake in Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after acquiring an additional 301 shares during the last quarter. HF Advisory Group LLC grew its stake in shares of Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after purchasing an additional 4,028 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Shell by 1.5% in the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after purchasing an additional 46,293 shares during the period. Finally, Lockheed Martin Investment Management Co. lifted its holdings in shares of Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after purchasing an additional 88,700 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL opened at $70.97 on Wednesday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a market cap of $215.83 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.98 and a beta of 0.47. 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 firm’s 50 day moving average is $66.64 and its two-hundred day moving average is $66.19.

Shell (NYSE:SHEL) last posted 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 return on equity of 12.75% and a net margin of 5.57%. Analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. The ex-dividend date is Friday, February 14th. 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 4.04%. Shell’s dividend payout ratio (DPR) is 56.97%.

Analyst Ratings Changes

SHEL has been the subject of several recent analyst reports. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. 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 report on Friday, January 31st. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a 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 given a strong buy rating to the company’s stock. According to MarketBeat, Shell currently has an average rating of “Buy” and an average price target of $79.11.

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.