DMC Group LLC Sells 958 Shares of Shell plc (NYSE:SHEL)

DMC Group LLC decreased its holdings in Shell plc (NYSE:SHEL) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,941 shares of the energy company’s stock after selling 958 shares during the period. DMC Group LLC’s holdings in Shell were worth $811,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SHEL. Procyon Advisors LLC increased its stake in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after acquiring an additional 159 shares during the last quarter. Foster Group Inc. raised its position in Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares during the period. GHP Investment Advisors Inc. boosted 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 buying an additional 163 shares during the period. Doliver Advisors LP lifted its stake in shares of Shell by 5.2% during the 4th 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 last quarter. Finally, OneDigital Investment Advisors LLC grew its position in Shell by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after acquiring an additional 196 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on SHEL shares. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Performance

Shares of Shell stock opened at $64.68 on Thursday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a market capitalization of $197.76 billion, a PE ratio of 13.31, a P/E/G ratio of 5.89 and a beta of 0.55. 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 50-day simple moving average of $64.17 and a two-hundred day simple moving average of $67.42.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.17% and a return on equity of 14.54%. Research analysts expect that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

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.