Ballentine Partners LLC Sells 1,958 Shares of Shell plc (NYSE:SHEL)

Ballentine Partners LLC lowered its holdings in shares of Shell plc (NYSE:SHEL) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,103 shares of the energy company’s stock after selling 1,958 shares during the quarter. Ballentine Partners LLC’s holdings in Shell were worth $758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in shares of Shell during the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. bought a new stake in Shell in the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new position in shares of Shell during the 3rd quarter valued at about $35,000. GHP Investment Advisors Inc. grew its position 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 valued at $37,000 after purchasing an additional 163 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Shell in the fourth quarter worth about $40,000. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SHEL shares. Piper Sandler reduced 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. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their target price 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. Scotiabank dropped 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. Finally, 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 research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $79.69.

Shell Trading Down 1.2 %

Shares of NYSE SHEL opened at $65.96 on Thursday. The business’s 50 day moving average price is $64.22 and its 200-day moving average price is $67.68. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The company has a market cap of $201.69 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 5.96 and a beta of 0.55.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The firm had revenue of $72.46 billion during 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 period in the previous year, the firm earned $1.86 earnings per share. On average, sell-side analysts expect that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.17%. The ex-dividend date 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.