Alpha Omega Wealth Management LLC Decreases Holdings in Shell plc (NYSE:SHEL)

Alpha Omega Wealth Management LLC reduced its holdings in shares of Shell plc (NYSE:SHEL) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,480 shares of the energy company’s stock after selling 200 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Shell were worth $343,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Procyon Advisors LLC raised its position in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after purchasing an additional 159 shares during the period. Foster Group Inc. increased its holdings in shares of Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after buying an additional 162 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. RHS Financial LLC grew its position in Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after acquiring an additional 173 shares during the last quarter. Finally, Doliver Advisors LP increased its stake in Shell by 5.2% in the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after purchasing an additional 180 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

SHEL opened at $65.82 on Friday. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a market cap of $201.23 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 6.46 and a beta of 0.55. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $64.17 and a two-hundred day simple moving average of $67.36.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.17% and a return on equity of 14.54%. Research analysts predict that Shell plc will post 8.11 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.35%. Shell’s payout ratio is presently 56.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler cut their target price 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. Wells Fargo & Company decreased their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $79.11.

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.