Shell plc (NYSE:SHEL) Stock Holdings Trimmed by FineMark National Bank & Trust

FineMark National Bank & Trust lessened its position in shares of Shell plc (NYSE:SHEL) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,614 shares of the energy company’s stock after selling 2,238 shares during the period. FineMark National Bank & Trust’s holdings in Shell were worth $10,940,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SHEL. Valley National Advisers Inc. lifted its holdings in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of Shell during the fourth quarter worth about $28,000. Human Investing LLC bought a new stake in Shell in the 4th quarter valued at about $31,000. Brooklyn Investment Group acquired a new position in Shell during the 3rd quarter valued at about $35,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Shell in the fourth quarter valued at approximately $36,000. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of NYSE:SHEL opened at $71.33 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a market capitalization of $215.69 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The stock has a fifty day moving average of $67.17 and a 200-day moving average of $66.24. Shell plc has a one year low of $60.15 and a one year high of $74.61.

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

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.02%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of recent analyst reports. TD Cowen assumed coverage on Shell in a report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price objective for the company. Wells Fargo & Company lowered their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, TD Securities raised their price objective on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Shell has an average rating of “Buy” and a consensus target price of $79.48.

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.