Cowa LLC Sells 1,369 Shares of Shell plc (NYSE:SHEL)

Cowa LLC lowered its stake in shares of Shell plc (NYSE:SHEL) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,328 shares of the energy company’s stock after selling 1,369 shares during the quarter. Cowa LLC’s holdings in Shell were worth $1,148,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the period. Fortitude Family Office LLC bought a new position in Shell during the third quarter worth about $30,000. Human Investing LLC bought a new position in Shell during the fourth quarter worth about $31,000. Valley Wealth Managers Inc. bought a new position in Shell during the third quarter worth about $33,000. Finally, Brooklyn Investment Group bought a new position in Shell during the third quarter worth about $35,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHEL. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $79.11.

Shell Stock Down 2.5 %

Shares of NYSE SHEL opened at $66.67 on Friday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm’s 50 day simple moving average is $64.89 and its two-hundred day simple moving average is $66.81. The stock has a market capitalization of $202.75 billion, a P/E ratio of 13.28, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, analysts expect that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.30%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 56.97%.

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.