Resonant Capital Advisors LLC Sells 227 Shares of Shell plc (NYSE:SHEL)

Resonant Capital Advisors LLC cut its holdings in Shell plc (NYSE:SHEL) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,640 shares of the energy company’s stock after selling 227 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Shell were worth $291,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after buying an additional 3,255,347 shares during the last quarter. Jennison Associates LLC increased its stake in Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after acquiring an additional 1,967,672 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after purchasing an additional 866,954 shares during the last quarter. Mediolanum International Funds Ltd purchased a new position in shares of Shell in the 3rd quarter worth approximately $37,274,000. Finally, Fisher Asset Management LLC raised its holdings in Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of several recent analyst reports. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday. 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 research note on Friday, January 3rd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Shell presently has an average rating of “Buy” and an average price target of $79.11.

Shell Trading Down 1.0 %

SHEL opened at $65.21 on Tuesday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a market capitalization of $199.37 billion, a P/E ratio of 12.99, a PEG ratio of 6.57 and a beta of 0.55. The stock’s fifty day moving average is $64.18 and its two-hundred day moving average is $67.23. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Analysts forecast that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.39%. Shell’s payout ratio is 56.97%.

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.