Ballentine Partners LLC Lowers Position in Shell plc (NYSE:SHEL)

Ballentine Partners LLC lowered its holdings in Shell plc (NYSE:SHEL) by 13.9% in the 4th quarter, HoldingsChannel reports. The firm owned 12,103 shares of the energy company’s stock after selling 1,958 shares during the quarter. Ballentine Partners LLC’s holdings in Shell were worth $758,000 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. Procyon Advisors LLC boosted its holdings in shares of Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after buying an additional 159 shares in the last quarter. GHP Investment Advisors Inc. boosted 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 in the last quarter. Doliver Advisors LP increased its position in shares of Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after purchasing an additional 180 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Shell by 2.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after purchasing an additional 196 shares during the last quarter. Finally, Bridge Creek Capital Management LLC grew its stake in Shell by 0.4% during the 4th quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company’s stock worth $3,353,000 after buying an additional 196 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHEL. Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One 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 company has a consensus rating of “Buy” and an average price target of $79.69.

Shell Stock Down 1.2 %

Shares of SHEL opened at $65.96 on Thursday. The stock’s 50-day moving average price is $64.22 and its 200-day moving average price is $67.68. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $201.69 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 5.96 and a beta of 0.55. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The firm had revenue of $72.46 billion during the quarter, compared to analyst estimates of $84.58 billion. During the same period in the previous year, the firm earned $1.86 EPS. On average, sell-side analysts predict that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.17%. Shell’s dividend payout ratio is presently 56.58%.

About Shell

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.