U.S. Capital Wealth Advisors LLC Sells 6,145 Shares of Shell plc (NYSE:SHEL)

U.S. Capital Wealth Advisors LLC lessened its stake in shares of Shell plc (NYSE:SHEL) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,108 shares of the energy company’s stock after selling 6,145 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Shell were worth $4,956,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC bought a new position in Shell in the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. bought a new position in Shell during the third quarter worth $33,000. Brooklyn Investment Group bought a new stake in Shell in the 3rd quarter valued at $35,000. GHP Investment Advisors Inc. grew its position in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Shell by 567.0% during the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock valued at $41,000 after buying an additional 533 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Scotiabank decreased their price target 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. 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. Finally, Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday. One research 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. According to MarketBeat, Shell has an average rating of “Buy” and a consensus target price of $79.11.

Shell Price Performance

Shares of SHEL stock opened at $65.82 on Monday. The stock’s fifty day moving average is $64.17 and its 200-day moving average is $67.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The stock has a market capitalization of $201.23 billion, a PE ratio of 13.11, a PEG ratio of 6.57 and a beta of 0.54.

Shell (NYSE:SHEL) last announced its earnings results 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%. Equities research analysts expect that Shell plc will post 7.27 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio (DPR) is 54.78%.

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.