Reik & CO. LLC Lowers Stock Holdings in Shell plc (NYSE:SHEL)

Reik & CO. LLC reduced its position in Shell plc (NYSE:SHEL) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 45,066 shares of the energy company’s stock after selling 2,379 shares during the quarter. Shell comprises about 0.7% of Reik & CO. LLC’s holdings, making the stock its 15th largest position. Reik & CO. LLC’s holdings in Shell were worth $2,823,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Shell in the 3rd quarter valued at about $121,000. CWM LLC boosted its stake in shares of Shell by 9.7% during the 3rd quarter. CWM LLC now owns 52,914 shares of the energy company’s stock worth $3,490,000 after acquiring an additional 4,660 shares in the last quarter. Willis Investment Counsel increased its stake in Shell by 0.5% in the 3rd quarter. Willis Investment Counsel now owns 336,374 shares of the energy company’s stock valued at $22,184,000 after purchasing an additional 1,555 shares in the last quarter. Thomasville National Bank boosted its position in Shell by 5.4% during the third quarter. Thomasville National Bank now owns 333,834 shares of the energy company’s stock worth $22,016,000 after purchasing an additional 17,150 shares in the last quarter. Finally, Woodstock Corp increased its position in shares of Shell by 1.2% in the third quarter. Woodstock Corp now owns 141,083 shares of the energy company’s stock valued at $9,304,000 after buying an additional 1,631 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on SHEL shares. Piper Sandler dropped their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Shell currently has an average rating of “Buy” and an average target price of $79.11.

Shell Price Performance

Shares of SHEL stock opened at $66.13 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The firm has a fifty day moving average of $64.29 and a two-hundred day moving average of $67.07. The firm has a market cap of $202.19 billion, a P/E ratio of 13.17, 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 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%. As a group, research analysts anticipate that Shell plc will post 7.46 earnings per share for the current fiscal 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 given a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.