Shell plc (NYSE:SHEL) Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lowered its holdings in Shell plc (NYSE:SHEL) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,838 shares of the energy company’s stock after selling 800 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Shell were worth $428,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SHEL. Forefront Wealth Management Inc. purchased a new stake in shares of Shell during the 4th quarter worth approximately $2,255,000. American Century Companies Inc. grew its holdings in Shell by 6.4% in the fourth quarter. American Century Companies Inc. now owns 897,154 shares of the energy company’s stock valued at $56,207,000 after purchasing an additional 54,305 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Shell by 248.9% in the fourth quarter. Quantbot Technologies LP now owns 19,258 shares of the energy company’s stock valued at $1,207,000 after buying an additional 13,739 shares in the last quarter. ZEGA Investments LLC acquired a new stake in Shell in the 4th quarter valued at about $200,000. Finally, Millstone Evans Group LLC acquired a new stake in Shell in the 4th quarter valued at about $36,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of SHEL stock opened at $71.33 on Tuesday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a 50 day moving average price of $67.17 and a 200 day moving average price of $66.24. The firm has a market capitalization of $215.69 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. 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 (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 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%. Sell-side analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date was Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.02%. Shell’s dividend payout ratio is currently 56.97%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wells Fargo & Company reduced 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. Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, TD Cowen started coverage on shares of Shell in a report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price target for the company. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $79.48.

Shell 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.