Bartlett & CO. Wealth Management LLC Cuts Holdings in Shell plc (NYSE:SHEL)

Bartlett & CO. Wealth Management LLC cut its holdings in shares of Shell plc (NYSE:SHEL) by 7.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,194 shares of the energy company’s stock after selling 543 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Shell were worth $451,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SHEL. Fortitude Family Office LLC purchased a new stake in Shell during the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. purchased a new position in Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the third quarter valued at approximately $35,000. GHP Investment Advisors Inc. grew its holdings in 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 buying an additional 163 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in Shell by 567.0% in the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock valued at $41,000 after purchasing an additional 533 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 1.9 %

NYSE SHEL opened at $65.39 on Friday. The stock has a market capitalization of $199.92 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The firm has a 50 day moving average of $64.23 and a two-hundred day moving average of $67.62. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

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

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Analysts Set New Price Targets

A number of research firms recently commented on SHEL. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. Wells Fargo & Company decreased their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $79.69.

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.