Huber Capital Management LLC Sells 149,737 Shares of Shell plc (NYSE:SHEL)

Huber Capital Management LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230,152 shares of the energy company’s stock after selling 149,737 shares during the period. Shell comprises approximately 2.9% of Huber Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Huber Capital Management LLC’s holdings in Shell were worth $14,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SHEL. Brighton Jones LLC grew its stake in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares in the last quarter. Private Advisor Group LLC raised its holdings in Shell by 0.9% during the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after buying an additional 301 shares in the last quarter. HF Advisory Group LLC grew its holdings in Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after purchasing an additional 4,028 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Shell by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock worth $12,521,000 after acquiring an additional 14,937 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. grew its holdings in Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after buying an additional 88,700 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Down 0.4 %

SHEL stock opened at $72.78 on Thursday. The business’s 50 day simple moving average is $68.08 and its 200 day simple moving average is $66.55. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $220.07 billion, a PE ratio of 14.50, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, research analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 3.94%. Shell’s payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of research reports. TD Cowen assumed coverage on shares of Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 target price on the stock. Barclays reaffirmed an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company upped their target price on shares of Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, March 26th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus target price of $80.10.

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.