Shell plc (NYSE:SHEL) Position Lessened by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC cut its stake in Shell plc (NYSE:SHEL) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 174,497 shares of the energy company’s stock after selling 4,762 shares during the period. Shell accounts for 2.4% of Euro Pacific Asset Management LLC’s holdings, making the stock its 17th biggest holding. Euro Pacific Asset Management LLC’s holdings in Shell were worth $11,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of SHEL. Fortitude Family Office LLC acquired a new position in Shell during the 3rd quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Shell during the third quarter worth approximately $35,000. GHP Investment Advisors Inc. increased its position in 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 period. Finally, Kieckhefer Group LLC acquired a new position in Shell during the 4th quarter worth $40,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 1.9 %

Shares of SHEL opened at $65.39 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The stock has a market capitalization of $199.92 billion, a P/E ratio of 13.45, a P/E/G ratio of 5.89 and a beta of 0.55. The business’s 50-day moving average price is $64.23 and its 200 day moving average price is $67.62.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The business had revenue of $72.46 billion during the quarter, compared to the consensus estimate of $84.58 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. Analysts expect that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is 56.58%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHEL. Piper Sandler cut their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $79.69.

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.