Shell plc (NYSE:SHEL) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in shares of Shell plc (NYSE:SHEL) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 27,316 shares of the energy company’s stock after selling 1,037 shares during the quarter. Foster & Motley Inc.’s holdings in Shell were worth $1,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Shell by 6.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Shell by 1.5% in the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after acquiring an additional 46,293 shares during the last quarter. HF Advisory Group LLC lifted its holdings in Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after acquiring an additional 4,028 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Shell by 3.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,008,002 shares of the energy company’s stock valued at $63,151,000 after acquiring an additional 32,603 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Up 2.8 %

Shares of Shell stock opened at $66.60 on Friday. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $203.62 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The company has a 50-day moving average of $64.18 and a two-hundred day moving average of $67.41.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.17% and a return on equity of 14.54%. On average, research analysts anticipate that Shell plc will post 8.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SHEL. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $79.69.

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.