Greenleaf Trust Sells 10,158 Shares of Shell plc (NYSE:SHEL)

Greenleaf Trust lessened its position in shares of Shell plc (NYSE:SHEL) by 35.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,788 shares of the energy company’s stock after selling 10,158 shares during the period. Greenleaf Trust’s holdings in Shell were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Shell in the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. purchased a new stake in shares of Shell during the 3rd quarter valued at $33,000. Brooklyn Investment Group purchased a new position in Shell in the third quarter worth $35,000. GHP Investment Advisors Inc. increased its stake in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in Shell during the fourth quarter worth about $40,000. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHEL has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $79.11.

Shell Stock Performance

Shares of SHEL stock opened at $65.21 on Tuesday. The firm has a market capitalization of $199.37 billion, a PE ratio of 12.99, a P/E/G ratio of 6.57 and a beta of 0.55. The company has a 50 day moving average price of $64.18 and a 200-day moving average price of $67.23. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities research analysts expect that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a $0.716 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.39%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is 56.97%.

Shell 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.