Sage Mountain Advisors LLC Has $542,000 Stake in Shell plc (NYSE:SHEL)

Sage Mountain Advisors LLC cut its stake in shares of Shell plc (NYSE:SHEL) by 28.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,648 shares of the energy company’s stock after selling 3,366 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Shell were worth $542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Shell in the fourth quarter valued at approximately $91,716,000. Holocene Advisors LP raised its holdings in Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after acquiring an additional 507,311 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.0 %

Shell stock opened at $66.81 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $66.16 and its two-hundred day moving average price is $66.31. The firm has a market capitalization of $203.18 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings data 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%. On average, equities research analysts predict that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced 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. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.29%. Shell’s dividend payout ratio is presently 56.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHEL. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Piper Sandler decreased their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target 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.