Gladstone Institutional Advisory LLC Decreases Stock Holdings in Shell plc (NYSE:SHEL)

Gladstone Institutional Advisory LLC trimmed its position in Shell plc (NYSE:SHEL) by 27.5% in the 4th quarter, HoldingsChannel reports. The firm owned 3,441 shares of the energy company’s stock after selling 1,308 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Shell were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC increased its holdings in Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Shell by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Shell by 4.3% during the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after buying an additional 848,104 shares during the last quarter. Finally, Mawer Investment Management Ltd. lifted its holdings in shares of Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after acquiring an additional 885,069 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.6 %

Shares of NYSE SHEL traded up $0.45 during trading hours on Friday, hitting $70.82. The company had a trading volume of 2,352,149 shares, compared to its average volume of 3,957,527. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. Shell plc has a 1-year low of $55.78 and a 1-year high of $74.61. The firm’s 50 day moving average is $70.85 and its 200-day moving average is $66.59. The stock has a market capitalization of $226.29 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.81 and a beta of 0.59.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.87 by $0.51. The firm had revenue of $74.70 billion during the quarter, compared to the consensus estimate of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. On average, analysts expect that Shell plc will post 8.37 earnings per share for the current fiscal 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 given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 3.89%. This is a positive change from Shell’s previous quarterly dividend of $0.66. The ex-dividend date is Thursday, May 16th. Shell’s payout ratio is presently 50.74%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. Finally, TD Securities upped their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.50.

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.