Quadrant Capital Group LLC Sells 2,478 Shares of Shell plc (NYSE:SHEL)

Quadrant Capital Group LLC cut its holdings in Shell plc (NYSE:SHEL) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,356 shares of the energy company’s stock after selling 2,478 shares during the quarter. Quadrant Capital Group LLC’s holdings in Shell were worth $2,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Rahlfs Capital LLC bought a new position in Shell in the fourth quarter worth approximately $320,000. Wedbush Securities Inc. lifted its stake in shares of Shell by 12.3% during the 4th quarter. Wedbush Securities Inc. now owns 18,111 shares of the energy company’s stock worth $1,135,000 after purchasing an additional 1,986 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Shell by 482.3% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,102 shares of the energy company’s stock valued at $1,573,000 after purchasing an additional 20,791 shares in the last quarter. Smith Moore & CO. raised its holdings in Shell by 85.0% in the fourth quarter. Smith Moore & CO. now owns 7,840 shares of the energy company’s stock worth $491,000 after purchasing an additional 3,603 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in shares of Shell by 5.1% in the 4th quarter. Pitcairn Co. now owns 47,490 shares of the energy company’s stock valued at $2,975,000 after buying an additional 2,292 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SHEL shares. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price target on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 26th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler cut their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, TD Cowen began coverage on shares of Shell in a research note on Wednesday, March 19th. They set a “buy” rating and a $81.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $80.10.

Shell Stock Down 8.1 %

SHEL stock opened at $64.13 on Friday. The firm’s fifty day moving average is $68.12 and its 200 day moving average is $66.53. The firm has a market cap of $193.92 billion, a PE ratio of 12.78, a P/E/G ratio of 0.98 and a beta of 0.27. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.47%. Shell’s dividend payout ratio is currently 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.