CFS Investment Advisory Services LLC Sells 444 Shares of Shell plc (NYSE:SHEL)

CFS Investment Advisory Services LLC decreased its position in shares of Shell plc (NYSE:SHEL) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,944 shares of the energy company’s stock after selling 444 shares during the period. CFS Investment Advisory Services LLC’s holdings in Shell were worth $372,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Grimes & Company Inc. grew its stake in shares of Shell by 9.5% in the fourth quarter. Grimes & Company Inc. now owns 9,921 shares of the energy company’s stock worth $622,000 after acquiring an additional 859 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Shell by 26.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,635 shares of the energy company’s stock worth $416,000 after purchasing an additional 1,392 shares during the period. apricus wealth LLC raised its position in shares of Shell by 4.5% during the fourth quarter. apricus wealth LLC now owns 26,340 shares of the energy company’s stock valued at $1,650,000 after buying an additional 1,130 shares during the last quarter. Encompass More Asset Management grew its position in Shell by 6.2% during the fourth quarter. Encompass More Asset Management now owns 7,747 shares of the energy company’s stock worth $485,000 after buying an additional 453 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shell stock opened at $65.39 on Friday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The firm has a market cap of $199.92 billion, a P/E ratio of 13.45, a P/E/G ratio of 5.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The business’s fifty day moving average is $64.23 and its two-hundred day moving average is $67.59.

Shell (NYSE:SHEL) last posted its quarterly earnings data 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. Shell had a net margin of 5.17% and a return on equity of 14.54%. The firm had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter last year, the company posted $1.86 EPS. Equities research analysts forecast that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SHEL shares. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. 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 has a consensus rating of “Buy” and a consensus target price of $79.69.

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.