Janney Capital Management LLC Cuts Stake in Shell plc (NYSE:SHEL)

Janney Capital Management LLC reduced its stake in Shell plc (NYSE:SHEL) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,974 shares of the energy company’s stock after selling 5,293 shares during the period. Janney Capital Management LLC’s holdings in Shell were worth $8,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC bought a new position in shares of Shell during the third quarter valued at $26,000. Rise Advisors LLC lifted its holdings in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Valley National Advisers Inc. lifted its holdings in Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings in Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after acquiring an additional 385 shares during the period. Finally, Fortis Group Advisors LLC bought a new position in Shell in the third quarter valued at about $32,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of SHEL stock traded up $0.24 during trading hours on Friday, reaching $73.25. 3,754,645 shares of the company traded hands, compared to its average volume of 3,258,145. Shell plc has a 12-month low of $58.14 and a 12-month high of $74.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The company has a market cap of $232.92 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.84 and a beta of 0.59. The firm has a 50-day moving average price of $71.52 and a 200 day moving average price of $67.84.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. As a group, sell-side analysts predict that Shell plc will post 8.55 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 3.76%. The ex-dividend date was Thursday, May 16th. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is 50.74%.

Analyst Ratings Changes

A number of research firms have weighed in on SHEL. Wells Fargo & Company lowered their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Argus increased their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, TD Securities increased their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.25.

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.