Huber Capital Management LLC Decreases Position in Shell plc (NYSE:SHEL)

Huber Capital Management LLC lessened its holdings in Shell plc (NYSE:SHEL) by 39.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,152 shares of the energy company’s stock after selling 149,737 shares during the period. Shell comprises 2.9% of Huber Capital Management LLC’s holdings, making the stock its 9th biggest holding. Huber Capital Management LLC’s holdings in Shell were worth $14,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CoreFirst Bank & Trust bought a new position in Shell during the 4th quarter worth $28,000. Valley National Advisers Inc. grew its stake in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the period. Human Investing LLC bought a new position in shares of Shell during the 4th quarter worth approximately $31,000. Millstone Evans Group LLC bought a new stake in shares of Shell in the 4th quarter valued at $36,000. Finally, Summit Securities Group LLC lifted its position in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock valued at $38,000 after acquiring an additional 200 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE SHEL opened at $72.78 on Thursday. The company has a market cap of $220.07 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $68.08 and its two-hundred day simple moving average is $66.55. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data 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%. Research analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is presently 56.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SHEL shares. TD Securities upped their price target on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. TD Cowen assumed coverage on Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 target price on the stock. Finally, UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Shell currently has a consensus rating of “Buy” and an average price target of $80.10.

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.