Global Retirement Partners LLC Lowers Stock Position in Shell plc (NYSE:SHEL)

Global Retirement Partners LLC decreased its position in Shell plc (NYSE:SHEL) by 5.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,125 shares of the energy company’s stock after selling 383 shares during the period. Global Retirement Partners LLC’s holdings in Shell were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valley National Advisers Inc. increased its position in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in Shell during the third quarter worth about $30,000. Human Investing LLC purchased a new position in Shell in the fourth quarter valued at about $31,000. Valley Wealth Managers Inc. bought a new position in shares of Shell during the 3rd quarter valued at approximately $33,000. Finally, Brooklyn Investment Group bought a new stake in shares of Shell in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 2.5 %

Shares of SHEL stock opened at $66.67 on Monday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The business’s fifty day moving average is $64.89 and its 200 day moving average is $66.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a market capitalization of $202.75 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 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%. On average, equities research analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a $0.716 dividend. The ex-dividend date is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.30%. Shell’s payout ratio is 56.97%.

Analysts Set New Price Targets

SHEL has been the subject of a number of recent research reports. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company reduced their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Wolfe Research raised shares of 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 equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $79.11.

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.