Shell plc (NYSE:SHEL) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lessened its stake in Shell plc (NYSE:SHEL) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,436 shares of the energy company’s stock after selling 4,199 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Shell were worth $6,806,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Provence Wealth Management Group acquired a new position in Shell during the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC acquired a new position in Shell during the 3rd quarter worth approximately $26,000. Rise Advisors LLC increased its position in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. increased its position in Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Shell during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SHEL. Wells Fargo & Company boosted their target price on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday. TD Securities boosted their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Shell has an average rating of “Moderate Buy” and an average price target of $66.50.

Shell Price Performance

Shares of NYSE:SHEL traded up $0.26 during trading on Friday, hitting $72.37. 4,407,390 shares of the stock were exchanged, compared to its average volume of 4,739,239. 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 fifty day moving average price of $68.43 and a two-hundred day moving average price of $66.03. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The company has a market cap of $232.86 billion, a PE ratio of 13.35, a P/E/G ratio of 1.72 and a beta of 0.59.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 13.78% and a net margin of 5.83%. The firm had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. On average, analysts forecast that Shell plc will post 8.22 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a $0.688 dividend. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, May 16th. This represents a $2.75 annualized dividend and a yield of 3.80%. Shell’s payout ratio is presently 50.74%.

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.