U.S. Capital Wealth Advisors LLC Sells 6,145 Shares of Shell plc (NYSE:SHEL)

U.S. Capital Wealth Advisors LLC cut its stake in shares of Shell plc (NYSE:SHEL) by 7.2% in the fourth quarter, Holdings Channel reports. The firm owned 79,108 shares of the energy company’s stock after selling 6,145 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Shell were worth $4,956,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SHEL. Procyon Advisors LLC raised its stake in Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after buying an additional 159 shares during the period. Foster Group Inc. lifted its stake in Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after buying an additional 162 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares in the last quarter. RHS Financial LLC boosted its stake in Shell by 3.1% in the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after purchasing an additional 173 shares during the period. Finally, Doliver Advisors LP increased its holdings in Shell by 5.2% during the 4th 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. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent research reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Scotiabank cut their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Piper Sandler reduced their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One investment 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. Based on data from MarketBeat, Shell has a consensus rating of “Buy” and a consensus price target of $79.11.

Shell Price Performance

Shares of NYSE SHEL opened at $65.82 on Monday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a market cap of $201.23 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 6.57 and a beta of 0.54. The business’s 50 day moving average price is $64.17 and its two-hundred day moving average price is $67.28. 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 quarterly 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%. On average, analysts predict that Shell plc will post 7.27 EPS for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 dividend on an annualized basis and a yield of 4.35%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is 54.78%.

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.