Verdence Capital Advisors LLC Sells 6,147 Shares of Shell plc (NYSE:SHEL)

Verdence Capital Advisors LLC reduced its stake in Shell plc (NYSE:SHEL) by 39.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,628 shares of the energy company’s stock after selling 6,147 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Shell were worth $634,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after purchasing an additional 6,554,340 shares during the period. Morgan Stanley lifted its position in shares of Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after acquiring an additional 384,967 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Shell by 10.7% in the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after acquiring an additional 848,104 shares during the period. Bank of New York Mellon Corp raised its stake in Shell by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,435,003 shares of the energy company’s stock valued at $285,526,000 after purchasing an additional 409,016 shares during the period. Finally, Pzena Investment Management LLC lifted its holdings in Shell by 1.6% in the 3rd quarter. Pzena Investment Management LLC now owns 3,939,739 shares of the energy company’s stock worth $253,640,000 after purchasing an additional 61,583 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.5 %

Shares of SHEL stock opened at $72.40 on Tuesday. The stock’s 50-day moving average price is $66.85 and its 200-day moving average price is $65.66. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The stock has a market capitalization of $232.95 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same period in the prior year, the firm earned $2.76 EPS. Equities research analysts predict that Shell plc will post 8.12 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were issued a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is 48.59%.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

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.