Shell plc (NYSE:SHEL) Shares Sold by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC cut its holdings in shares of Shell plc (NYSE:SHEL) by 17.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,765 shares of the energy company’s stock after selling 1,440 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Shell were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. FAS Wealth Partners Inc. raised its position in Shell by 2.8% during the 3rd quarter. FAS Wealth Partners Inc. now owns 6,179 shares of the energy company’s stock worth $398,000 after buying an additional 168 shares during the last quarter. Founders Capital Management increased its holdings in shares of Shell by 25.4% during the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after purchasing an additional 168 shares in the last quarter. Osborne Partners Capital Management LLC increased its holdings in shares of Shell by 1.0% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock valued at $1,057,000 after purchasing an additional 169 shares in the last quarter. Abacus Planning Group Inc. increased its holdings in shares of Shell by 3.5% during the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock valued at $329,000 after purchasing an additional 169 shares in the last quarter. Finally, Roberts Wealth Advisors LLC increased its holdings in shares of Shell by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock valued at $1,749,000 after purchasing an additional 172 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

Shell stock remained flat at $73.27 during trading on Friday. 3,880,010 shares of the company were exchanged, compared to its average volume of 4,799,317. The company has a fifty day moving average of $67.62 and a 200-day moving average of $65.87. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94. The company has a market capitalization of $235.75 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The company had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter in the previous year, the company posted $2.76 EPS. Analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were paid a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.61%. Shell’s dividend payout ratio (DPR) is presently 48.59%.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

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.