Shell plc (NYSE:SHEL) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,722 shares of the energy company’s stock after selling 1,720 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Shell were worth $1,486,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SHEL. AQR Capital Management LLC increased its position in shares of Shell by 42.7% during the second quarter. AQR Capital Management LLC now owns 21,701 shares of the energy company’s stock worth $1,566,000 after purchasing an additional 6,495 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Shell by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,165 shares of the energy company’s stock valued at $1,239,000 after buying an additional 337 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Shell in the 3rd quarter valued at $121,000. GAMMA Investing LLC grew its holdings in Shell by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,061 shares of the energy company’s stock valued at $334,000 after buying an additional 688 shares in the last quarter. Finally, Richard P Slaughter Associates Inc grew its holdings in Shell by 0.7% in the 3rd quarter. Richard P Slaughter Associates Inc now owns 54,800 shares of the energy company’s stock valued at $3,614,000 after buying an additional 392 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the topic of several recent analyst reports. Scotiabank decreased their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Wells Fargo & Company decreased their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Stock Performance

Shares of SHEL stock opened at $65.21 on Tuesday. The stock has a fifty day moving average price of $64.18 and a 200 day moving average price of $67.23. The stock has a market cap of $199.37 billion, a PE ratio of 12.99, a P/E/G ratio of 6.57 and a beta of 0.54. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (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 7.27 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.39%. Shell’s dividend payout ratio (DPR) is presently 54.78%.

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.