Chicago Capital LLC Sells 2,104 Shares of Shell plc (NYSE:SHEL)

Chicago Capital LLC decreased its stake in Shell plc (NYSE:SHEL) by 31.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,560 shares of the energy company’s stock after selling 2,104 shares during the quarter. Chicago Capital LLC’s holdings in Shell were worth $286,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SHEL. Valley National Advisers Inc. boosted its stake in Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Shell in the third quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new stake in Shell during the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new stake in Shell in the 3rd quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday. Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank dropped their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus target price of $79.11.

Shell Price Performance

Shares of SHEL stock opened at $65.21 on Tuesday. The firm has a market capitalization of $199.37 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 6.57 and a beta of 0.55. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. 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 firm has a fifty day moving average of $64.18 and a 200-day moving average of $67.23.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates 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 forecast that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.39%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.