Compagnie Lombard Odier SCmA Sells 28,790 Shares of Shell plc (NYSE:SHEL)

Compagnie Lombard Odier SCmA cut its position in shares of Shell plc (NYSE:SHEL) by 80.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,925 shares of the energy company’s stock after selling 28,790 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Shell were worth $434,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC increased its stake in shares of Shell by 1.9% during the 4th quarter. Bogart Wealth LLC now owns 17,068 shares of the energy company’s stock worth $1,069,000 after purchasing an additional 322 shares during the last quarter. Aries Wealth Management grew its stake in Shell by 26.6% in the 4th quarter. Aries Wealth Management now owns 8,626 shares of the energy company’s stock valued at $540,000 after buying an additional 1,815 shares during the last quarter. Avestar Capital LLC grew its stake in Shell by 10.2% in the 4th quarter. Avestar Capital LLC now owns 5,223 shares of the energy company’s stock valued at $327,000 after buying an additional 485 shares during the last quarter. Park Capital Management LLC WI acquired a new position in Shell in the 4th quarter valued at about $369,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Shell by 14.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,508 shares of the energy company’s stock valued at $1,197,000 after buying an additional 2,327 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Finally, Piper Sandler decreased their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Shell has a consensus rating of “Buy” and a consensus price target of $79.11.

Shell Trading Down 0.3 %

SHEL opened at $67.16 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market cap of $205.33 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a fifty day moving average of $64.56 and a 200-day moving average of $66.97. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, sell-side analysts predict that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is 54.78%.

Shell 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.