Silverlake Wealth Management LLC Sells 1,000 Shares of Shell plc (NYSE:SHEL)

Silverlake Wealth Management LLC lowered its stake in Shell plc (NYSE:SHEL) by 15.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,514 shares of the energy company’s stock after selling 1,000 shares during the period. Silverlake Wealth Management LLC’s holdings in Shell were worth $345,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Procyon Advisors LLC increased its stake in shares of Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after purchasing an additional 159 shares during the period. Foster Group Inc. increased its position in Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after buying an additional 162 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares in the last quarter. RHS Financial LLC grew its stake in shares of Shell by 3.1% in the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after acquiring an additional 173 shares in the last quarter. Finally, Doliver Advisors LP increased its position in Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after acquiring an additional 180 shares during the period. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of analyst reports. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $79.11.

Shell Price Performance

SHEL stock opened at $66.55 on Thursday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market cap of $203.49 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 6.57 and a beta of 0.54. The company has a 50 day simple moving average of $64.25 and a 200 day simple moving average of $67.18.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Research analysts anticipate that Shell plc will post 7.27 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.30%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is presently 54.78%.

About Shell

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.