SVB Wealth LLC Reduces Position in Shell plc (NYSE:SHEL)

SVB Wealth LLC trimmed its holdings in Shell plc (NYSE:SHEL) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,171 shares of the energy company’s stock after selling 2,603 shares during the quarter. SVB Wealth LLC’s holdings in Shell were worth $1,854,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SHEL. Moneta Group Investment Advisors LLC increased its position in Shell by 96,141.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock worth $818,414,000 after purchasing an additional 14,355,814 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Shell in the first quarter valued at approximately $677,739,000. Norges Bank purchased a new stake in shares of Shell during the 4th quarter worth approximately $658,071,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Shell during the first quarter worth about $549,346,000. Finally, FMR LLC grew its position in Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Shell Price Performance

Shares of SHEL opened at $71.15 on Thursday. The firm has a market capitalization of $228.93 billion, a PE ratio of 12.57, a P/E/G ratio of 2.17 and a beta of 0.62. The stock’s 50 day moving average is $66.37 and its two-hundred day moving average is $65.45. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping 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 business had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the previous year, the company earned $2.76 EPS. Research analysts anticipate that Shell plc will post 8.18 earnings per share for the current year.

Shell Dividend Announcement

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

Shell Company 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.