Fort Sheridan Advisors LLC Has $3.78 Million Stake in Shell plc (NYSE:SHEL)

Fort Sheridan Advisors LLC cut its stake in shares of Shell plc (NYSE:SHEL) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,316 shares of the energy company’s stock after selling 317 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Shell were worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Valley National Advisers Inc. lifted its stake in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Fortitude Family Office LLC bought a new position in Shell in the third quarter valued at about $30,000. Human Investing LLC bought a new stake in shares of Shell during the fourth quarter worth about $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell in the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group acquired a new stake in Shell during the 3rd quarter worth approximately $35,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shell stock opened at $67.26 on Friday. The stock’s 50 day moving average price is $65.23 and its two-hundred day moving average price is $66.70. The stock has a market capitalization of $204.55 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

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

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders 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 4.26%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is presently 56.97%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Buy” and a consensus target price of $79.11.

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.