Shell plc (NYSE:SHEL) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in shares of Shell plc (NYSE:SHEL) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,194 shares of the energy company’s stock after selling 9,000 shares during the period. Segall Bryant & Hamill LLC’s holdings in Shell were worth $3,896,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in Shell during the 4th quarter worth approximately $28,000. Human Investing LLC acquired a new stake in shares of Shell in the 4th quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in shares of Shell during the 3rd quarter worth $35,000. Finally, Millstone Evans Group LLC purchased a new position in Shell in the fourth quarter valued at $36,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE SHEL opened at $73.35 on Friday. The firm has a market cap of $221.80 billion, a P/E ratio of 14.61, a P/E/G ratio of 0.98 and a beta of 0.47. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $67.56 and its 200 day moving average price is $66.38. 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 (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%. On average, equities research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 3.90%. Shell’s dividend payout ratio is presently 56.97%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SHEL shares. Wells Fargo & Company increased their price objective on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Piper Sandler dropped their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, TD Securities lifted their target price on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. One research 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 company’s stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $80.10.

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.