Cetera Advisor Networks LLC Reduces Position in Shell plc (NYSE:SHEL)

Cetera Advisor Networks LLC lowered its position in shares of Shell plc (NYSE:SHELFree Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,523 shares of the energy company’s stock after selling 1,296 shares during the period. Cetera Advisor Networks LLC’s holdings in Shell were worth $5,298,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Shell during the 3rd quarter valued at approximately $39,000. Gamco Investors INC. ET AL lifted its stake in Shell by 6.7% in the third quarter. Gamco Investors INC. ET AL now owns 13,767 shares of the energy company’s stock worth $886,000 after acquiring an additional 863 shares during the period. Charles Schwab Investment Management Inc. increased its position in Shell by 64.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,977 shares of the energy company’s stock valued at $4,634,000 after purchasing an additional 28,165 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in Shell in the 3rd quarter worth $303,000. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Shell by 13.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,940 shares of the energy company’s stock valued at $254,000 after purchasing an additional 482 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Down 1.1 %

Shares of NYSE:SHEL opened at $69.45 on Monday. Shell plc has a 12-month low of $57.55 and a 12-month high of $74.61. The stock has a market capitalization of $220.83 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.79 and a beta of 0.60. The stock has a fifty day simple moving average of $71.75 and a two-hundred day simple moving average of $67.00. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Shell (NYSE:SHELGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to analysts’ expectations of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. On average, research analysts anticipate that Shell plc will post 8.37 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be issued a $0.688 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.96%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Wall Street Analyst Weigh In

Several brokerages have commented on SHEL. Wells Fargo & Company raised their price objective on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Argus lifted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday. Finally, TD Securities increased their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Get Our Latest Analysis on Shell

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 to deliver gas to market.

See Also

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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