Y.D. More Investments Ltd Sells 1,100 Shares of Shell plc (NYSE:SHEL)

Y.D. More Investments Ltd cut its stake in shares of Shell plc (NYSE:SHEL) by 57.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 800 shares of the energy company’s stock after selling 1,100 shares during the period. Y.D. More Investments Ltd’s holdings in Shell were worth $53,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SHEL. FMR LLC raised its position in shares of Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares in the last quarter. Morgan Stanley raised its position in shares of Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after buying an additional 384,967 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Shell by 10.7% during the third 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. Bank of New York Mellon Corp boosted its position in Shell by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 4,435,003 shares of the energy company’s stock valued at $285,526,000 after acquiring an additional 409,016 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in Shell by 1.6% during the third quarter. Pzena Investment Management LLC now owns 3,939,739 shares of the energy company’s stock valued at $253,640,000 after acquiring an additional 61,583 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shares of NYSE SHEL opened at $71.95 on Thursday. The firm’s 50-day moving average price is $68.10 and its 200-day moving average price is $65.97. Shell plc has a 1-year low of $55.78 and a 1-year high of $73.94. The firm has a market capitalization of $231.51 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.70 and a beta of 0.59. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating 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 firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the prior year, the business earned $2.76 earnings per share. Equities research analysts anticipate that Shell plc will post 8.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.