Foster & Motley Inc. Has $2.47 Million Holdings in Shell plc (NYSE:SHEL)

Foster & Motley Inc. reduced its stake in shares of Shell plc (NYSE:SHEL) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,489 shares of the energy company’s stock after selling 2,662 shares during the quarter. Foster & Motley Inc.’s holdings in Shell were worth $2,467,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FAS Wealth Partners Inc. raised its stake in shares of Shell by 2.8% in the 3rd quarter. FAS Wealth Partners Inc. now owns 6,179 shares of the energy company’s stock valued at $398,000 after buying an additional 168 shares in the last quarter. Founders Capital Management increased its position in shares of Shell by 25.4% during the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock worth $55,000 after purchasing an additional 168 shares in the last quarter. Osborne Partners Capital Management LLC increased its position in shares of Shell by 1.0% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock worth $1,057,000 after purchasing an additional 169 shares in the last quarter. Abacus Planning Group Inc. increased its position in shares of Shell by 3.5% during the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock worth $329,000 after purchasing an additional 169 shares in the last quarter. Finally, Roberts Wealth Advisors LLC increased its position in shares of Shell by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock worth $1,749,000 after purchasing an additional 172 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Down 0.2 %

Shares of Shell stock opened at $72.25 on Tuesday. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The company has a 50-day simple moving average of $66.85 and a 200 day simple moving average of $65.66. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $232.47 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. Research analysts expect that Shell plc will post 8.12 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were issued a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio is currently 48.59%.

Wall Street Analysts Forecast Growth

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

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.