Shell plc (NYSE:SHEL) Shares Sold by Element Wealth LLC

Element Wealth LLC lowered its position in Shell plc (NYSE:SHEL) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,227 shares of the energy company’s stock after selling 470 shares during the period. Element Wealth LLC’s holdings in Shell were worth $410,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SHEL. PDS Planning Inc raised its position in shares of Shell by 5.7% during the 4th quarter. PDS Planning Inc now owns 8,540 shares of the energy company’s stock worth $562,000 after purchasing an additional 462 shares during the last quarter. RWA Wealth Partners LLC acquired a new position in shares of Shell during the 4th quarter worth about $418,000. Jennison Associates LLC raised its position in shares of Shell by 3.2% during the 4th quarter. Jennison Associates LLC now owns 1,128,216 shares of the energy company’s stock worth $74,237,000 after purchasing an additional 34,459 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Shell by 25.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 4,442 shares of the energy company’s stock worth $292,000 after purchasing an additional 906 shares during the last quarter. Finally, Klingenstein Fields & Co. LP raised its holdings in Shell by 1.6% in the 4th quarter. Klingenstein Fields & Co. LP now owns 237,033 shares of the energy company’s stock valued at $15,597,000 after acquiring an additional 3,720 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.5 %

NYSE:SHEL traded up $0.38 during midday trading on Tuesday, hitting $72.77. 3,239,654 shares of the company were exchanged, compared to its average volume of 4,761,133. Shell plc has a fifty-two week low of $55.78 and a fifty-two week 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. The company has a market capitalization of $234.15 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The company has a fifty day simple moving average of $66.85 and a 200 day simple moving average of $65.66.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. The business had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter in the previous year, the firm earned $2.76 earnings per share. As a group, equities analysts anticipate that Shell plc will post 8.12 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors 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 3.64%. The ex-dividend date 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 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.