Dynamic Advisor Solutions LLC Sells 4,444 Shares of Shell plc (NYSE:SHEL)

Dynamic Advisor Solutions LLC decreased its position in shares of Shell plc (NYSE:SHEL) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,950 shares of the energy company’s stock after selling 4,444 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Shell were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. apricus wealth LLC lifted its holdings in shares of Shell by 4.5% in the fourth quarter. apricus wealth LLC now owns 26,340 shares of the energy company’s stock worth $1,650,000 after acquiring an additional 1,130 shares during the last quarter. Encompass More Asset Management lifted its stake in Shell by 6.2% in the 4th quarter. Encompass More Asset Management now owns 7,747 shares of the energy company’s stock valued at $485,000 after purchasing an additional 453 shares during the last quarter. Brighton Jones LLC grew 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 last quarter. Montecito Bank & Trust lifted its stake in shares of Shell by 29.1% in the 4th quarter. Montecito Bank & Trust now owns 3,995 shares of the energy company’s stock valued at $250,000 after acquiring an additional 900 shares during the last quarter. Finally, Hedges Asset Management LLC boosted its holdings in shares of Shell by 0.6% during the 4th quarter. Hedges Asset Management LLC now owns 72,750 shares of the energy company’s stock valued at $4,558,000 after acquiring an additional 400 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL stock opened at $65.39 on Monday. The firm has a 50 day moving average of $64.23 and a 200-day moving average of $67.55. The company has a market cap of $199.92 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.20. The firm had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same period in the previous year, the firm posted $1.86 earnings per share. On average, equities analysts forecast that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.21%. Shell’s dividend payout ratio is 56.58%.

Wall Street Analyst Weigh In

SHEL has been the subject of several research reports. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $79.69.

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.