Stock Yards Bank & Trust Co. Sells 8,880 Shares of Shell plc (NYSE:SHEL)

Stock Yards Bank & Trust Co. lessened its stake in shares of Shell plc (NYSE:SHEL) by 48.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,525 shares of the energy company’s stock after selling 8,880 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Shell were worth $597,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Shell by 42.7% during the 2nd quarter. AQR Capital Management LLC now owns 21,701 shares of the energy company’s stock valued at $1,566,000 after acquiring an additional 6,495 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Shell by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,165 shares of the energy company’s stock worth $1,239,000 after buying an additional 337 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Shell during the third quarter valued at about $121,000. GAMMA Investing LLC raised its holdings in shares of Shell by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,061 shares of the energy company’s stock worth $334,000 after acquiring an additional 688 shares during the last quarter. Finally, Richard P Slaughter Associates Inc boosted its stake in Shell by 0.7% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 54,800 shares of the energy company’s stock valued at $3,614,000 after purchasing an additional 392 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 1.0 %

SHEL stock opened at $65.21 on Tuesday. The company has a market cap of $199.37 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 6.57 and a beta of 0.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The business’s 50-day moving average is $64.18 and its two-hundred day moving average is $67.23. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

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

Shell Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on SHEL shares. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Piper Sandler reduced their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $79.11.

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.