Quadrant Capital Group LLC Sells 2,478 Shares of Shell plc (NYSE:SHEL)

Quadrant Capital Group LLC trimmed its stake in Shell plc (NYSE:SHEL) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,356 shares of the energy company’s stock after selling 2,478 shares during the period. Quadrant Capital Group LLC’s holdings in Shell were worth $2,278,000 at the end of the most recent reporting period.

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

Shell Price Performance

SHEL stock opened at $64.13 on Friday. The stock has a market cap of $193.92 billion, a PE ratio of 12.78, a P/E/G ratio of 0.98 and a beta of 0.27. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a 50-day moving average price of $68.12 and a 200 day moving average price of $66.53. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last released 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 5.57% and a return on equity of 12.75%. Equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were paid a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Cowen began coverage on Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price objective on the stock. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler dropped their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price target on shares of Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 26th. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus price target of $80.10.

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.