Euro Pacific Asset Management LLC Trims Position in Shell plc (NYSE:SHEL)

Euro Pacific Asset Management LLC lessened its stake in shares of Shell plc (NYSE:SHEL) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,040 shares of the energy company’s stock after selling 1,249 shares during the quarter. Shell comprises 3.0% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 11th largest holding. Euro Pacific Asset Management LLC’s holdings in Shell were worth $14,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. FAS Wealth Partners Inc. lifted its position in Shell by 2.8% in the third quarter. FAS Wealth Partners Inc. now owns 6,179 shares of the energy company’s stock valued at $398,000 after purchasing an additional 168 shares during the last quarter. Founders Capital Management lifted its position in Shell by 25.4% in the fourth quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after purchasing an additional 168 shares during the last quarter. Osborne Partners Capital Management LLC lifted its position in Shell by 1.0% in the third quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock valued at $1,057,000 after purchasing an additional 169 shares during the last quarter. Abacus Planning Group Inc. lifted its position in Shell by 3.5% in the fourth quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock valued at $329,000 after purchasing an additional 169 shares during the last quarter. Finally, Roberts Wealth Advisors LLC lifted its position in Shell by 0.7% in the fourth quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock valued at $1,749,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.0 %

Shares of SHEL traded down $0.01 during mid-day trading on Thursday, hitting $71.13. 2,032,612 shares of the company’s stock traded hands, compared to its average volume of 4,760,129. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94. The firm has a market capitalization of $228.87 billion, a P/E ratio of 12.60, a PEG ratio of 2.17 and a beta of 0.62. The business’s 50-day moving average price is $66.37 and its 200-day moving average price is $65.45.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same period in the previous year, the firm earned $2.76 earnings per share. As a group, sell-side analysts forecast that Shell plc will post 8.18 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a $0.662 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.72%. Shell’s payout ratio is 48.59%.

Analysts Set New Price Targets

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

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.