Shell plc (NYSE:SHEL) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC cut its stake in shares of Shell plc (NYSE:SHEL) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,935 shares of the energy company’s stock after selling 1,183 shares during the quarter. Rothschild Investment LLC’s holdings in Shell were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. Valley National Advisers Inc. grew its stake in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of Shell during the third quarter worth $30,000. Human Investing LLC acquired a new position in shares of Shell during the 4th quarter worth about $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell during the 3rd quarter worth about $33,000. Finally, Brooklyn Investment Group acquired a new position in Shell in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE SHEL opened at $66.94 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a fifty day moving average price of $65.09 and a 200 day moving average price of $66.70. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market cap of $203.57 billion, a PE ratio of 13.33, a P/E/G ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Sell-side analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SHEL shares. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. 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’s stock. Based on data from MarketBeat, Shell presently has a consensus rating of “Buy” and an average target price of $79.11.

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.