Shell plc (NYSE:SHEL) Shares Sold by Cwm LLC

Cwm LLC reduced its holdings in Shell plc (NYSE:SHELFree Report) by 18.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,753 shares of the energy company’s stock after selling 10,818 shares during the quarter. Cwm LLC’s holdings in Shell were worth $3,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Provence Wealth Management Group acquired a new position in Shell in the third quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new stake in Shell during the third quarter worth about $26,000. Rise Advisors LLC increased its stake in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 189 shares during the last quarter. Valley National Advisers Inc. increased its stake in Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 283 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC increased its stake in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Up 0.5 %

SHEL traded up $0.38 on Wednesday, reaching $69.53. The company’s stock had a trading volume of 4,162,556 shares, compared to its average volume of 3,219,025. The stock has a market cap of $221.09 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 1.78 and a beta of 0.60. Shell plc has a 1 year low of $58.14 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The business’s 50 day moving average is $71.67 and its 200 day moving average is $67.20.

Shell (NYSE:SHELGet Free Report) last released its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. Shell had a return on equity of 13.83% and a net margin of 5.83%. The company had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. As a group, research analysts forecast that Shell plc will post 8.37 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Thursday, May 16th. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Analyst Ratings Changes

Several brokerages have commented on SHEL. Wells Fargo & Company upped their price target on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. TD Securities upped their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Argus upped their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Get Our Latest Report on Shell

About Shell

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell plc (NYSE:SHELFree Report).

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.