Sigma Planning Corp Lowers Stock Position in Shell plc (NYSE:SHEL)

Sigma Planning Corp lowered its stake in shares of Shell plc (NYSE:SHEL) by 70.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,644 shares of the energy company’s stock after selling 13,245 shares during the quarter. Sigma Planning Corp’s holdings in Shell were worth $371,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Provence Wealth Management Group bought a new position in Shell during the third quarter worth about $26,000. VisionPoint Advisory Group LLC bought a new position in Shell during the third quarter worth about $26,000. Rise Advisors LLC boosted its position in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. boosted its position in Shell by 217.7% during the fourth 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 period. Finally, Headlands Technologies LLC bought a new position in Shell during the third quarter worth about $32,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of Shell stock opened at $73.28 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The stock has a market cap of $235.79 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. The firm’s 50-day moving average is $67.62 and its 200 day moving average is $65.87. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The business had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter in the prior year, the business earned $2.76 EPS. Sell-side analysts anticipate 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. Stockholders of record on Friday, February 16th were paid a $0.662 dividend. This represents a $2.65 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is presently 48.59%.

Analysts Set New Price Targets

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

About Shell

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.