Foster & Motley Inc. Sells 1,037 Shares of Shell plc (NYSE:SHEL)

Foster & Motley Inc. lessened its stake in shares of Shell plc (NYSE:SHEL) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,316 shares of the energy company’s stock after selling 1,037 shares during the quarter. Foster & Motley Inc.’s holdings in Shell were worth $1,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEL. Fortitude Family Office LLC acquired a new stake in shares of Shell in the 3rd quarter worth $30,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the 3rd quarter worth $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter worth $35,000. GHP Investment Advisors Inc. boosted its position in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Shell in the 4th quarter worth $40,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $66.60 on Friday. 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 twelve month low of $60.15 and a twelve month high of $74.61. The business has a 50-day moving average price of $64.18 and a 200 day moving average price of $67.41. The firm has a market cap of $203.62 billion, a PE ratio of 13.70, a P/E/G ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Sell-side analysts predict that Shell plc will post 8.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHEL. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company lowered their price target on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $79.69.

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.