Mattern Wealth Management LLC Has $362,000 Position in Shell plc (NYSE:SHEL)

Mattern Wealth Management LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,775 shares of the energy company’s stock after selling 491 shares during the quarter. Mattern Wealth Management LLC’s holdings in Shell were worth $362,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Procyon Advisors LLC increased its position in shares of Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after acquiring an additional 159 shares in the last quarter. GHP Investment Advisors Inc. raised 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 purchasing an additional 163 shares during the period. Doliver Advisors LP lifted its holdings in shares of Shell by 5.2% in the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after purchasing an additional 180 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Shell by 2.5% during the third quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock worth $520,000 after buying an additional 196 shares in the last quarter. Finally, Bridge Creek Capital Management LLC raised its position in Shell by 0.4% in the 4th quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company’s stock valued at $3,353,000 after buying an additional 196 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Scotiabank reduced their price objective 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. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price target on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $79.69.

Shell Stock Performance

Shares of NYSE SHEL opened at $65.12 on Tuesday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The stock has a 50 day moving average of $64.21 and a 200-day moving average of $67.50. 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 company has a market capitalization of $199.11 billion, a P/E ratio of 13.40, a P/E/G ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.72 by $0.20. The firm had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same period in the previous year, the company earned $1.86 earnings per share. As a group, equities research analysts predict that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

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.