Foundations Investment Advisors LLC Trims Stock Position in Shell plc (NYSE:SHEL)

Foundations Investment Advisors LLC lowered its position in shares of Shell plc (NYSE:SHEL) by 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,988 shares of the energy company’s stock after selling 154 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Shell were worth $250,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new stake in Shell in the third quarter valued at $30,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the 3rd quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in Shell in the third quarter valued at about $35,000. GHP Investment Advisors Inc. increased 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 valued at $37,000 after acquiring an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Shell in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 1.3 %

Shares of NYSE SHEL opened at $65.82 on Friday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a market capitalization of $201.23 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 6.46 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The business has a 50-day moving average of $64.17 and a two-hundred day moving average of $67.36.

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 net margin of 5.17% and a return on equity of 14.54%. On average, analysts forecast that Shell plc will post 8.11 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

Several research firms recently weighed in on SHEL. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $79.11.

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.