Barry Investment Advisors LLC Sells 215 Shares of Shell plc (NYSE:SHEL)

Barry Investment Advisors LLC cut its holdings in shares of Shell plc (NYSE:SHEL) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,334 shares of the energy company’s stock after selling 215 shares during the quarter. Barry Investment Advisors LLC’s holdings in Shell were worth $1,274,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SHEL. FMR LLC increased its holdings in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Jennison Associates LLC boosted its position in shares of Shell by 188.0% during the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after acquiring an additional 1,967,672 shares in the last quarter. Holocene Advisors LP boosted its position in shares of Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after acquiring an additional 866,954 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Shell during the 3rd quarter worth approximately $37,274,000. Finally, Fisher Asset Management LLC boosted its position in shares of Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after acquiring an additional 507,311 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on SHEL. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley upgraded 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 report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell has an average rating of “Buy” and an average target price of $79.69.

Shell Price Performance

Shares of NYSE:SHEL opened at $64.61 on Wednesday. The firm has a market cap of $197.53 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The firm’s fifty day moving average is $64.19 and its 200-day moving average is $67.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The company had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same quarter in the previous year, the business earned $1.86 earnings per share. Sell-side analysts predict that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

Shell 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.