Shell plc (NYSE:SHEL) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lowered its position in shares of Shell plc (NYSE:SHELFree Report) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,171 shares of the energy company’s stock after selling 804 shares during the period. Good Life Advisors LLC’s holdings in Shell were worth $275,000 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 SHEL. Silvercrest Asset Management Group LLC grew its holdings in shares of Shell by 37.3% during the second quarter. Silvercrest Asset Management Group LLC now owns 1,475,988 shares of the energy company’s stock worth $89,120,000 after buying an additional 401,115 shares during the last quarter. FMR LLC boosted its holdings in Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares in the last quarter. LPL Financial LLC boosted its holdings in Shell by 11.0% in the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock valued at $40,771,000 after purchasing an additional 62,792 shares in the last quarter. Synovus Financial Corp boosted its holdings in Shell by 16.2% in the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock valued at $4,594,000 after purchasing an additional 9,924 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in shares of Shell by 186.9% during the 3rd quarter. Rathbones Group PLC now owns 47,909 shares of the energy company’s stock worth $3,060,000 after acquiring an additional 31,209 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the topic of several research analyst reports. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. BNP Paribas lowered Shell from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 13th.

Get Our Latest Stock Report on SHEL

Shell Trading Up 0.4 %

Shares of Shell stock opened at $67.04 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. Shell plc has a 1 year low of $55.78 and a 1 year high of $68.74. The company has a market capitalization of $216.52 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.03 and a beta of 0.61. The business has a 50 day moving average price of $64.21 and a 200 day moving average price of $64.87.

Shell (NYSE:SHELGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. The firm had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period in the previous year, the firm posted $2.76 EPS. Sell-side analysts anticipate that Shell plc will post 8.25 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.95%. Shell’s dividend payout ratio is presently 48.59%.

Shell Profile

(Free Report)

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 necessary to deliver gas to market.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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