Victory Capital Management Inc. Sells 13,467 Shares of Shell plc (NYSE:SHEL)

Victory Capital Management Inc. cut its holdings in shares of Shell plc (NYSE:SHELFree Report) by 32.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,775 shares of the energy company’s stock after selling 13,467 shares during the period. Victory Capital Management Inc.’s holdings in Shell were worth $1,788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in Shell in the first quarter worth about $443,000. Yousif Capital Management LLC purchased a new stake in Shell during the first quarter valued at approximately $3,322,000. Synovus Financial Corp acquired a new stake in Shell in the first quarter valued at approximately $1,018,000. Vontobel Holding Ltd. purchased a new position in Shell in the first quarter worth $791,000. Finally, Blair William & Co. IL purchased a new stake in shares of Shell during the 1st quarter valued at $2,090,000. 9.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHEL. TheStreet raised Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. BNP Paribas downgraded shares of Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,031.33.

Read Our Latest Report on Shell

Shell Stock Performance

Shares of SHEL opened at $63.74 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a 50-day moving average of $64.00 and a two-hundred day moving average of $64.15. The stock has a market cap of $211.81 billion, a P/E ratio of 11.26, a P/E/G ratio of 2.01 and a beta of 0.62. Shell plc has a one year low of $52.47 and a one year high of $68.74.

Shell (NYSE:SHELGet Free Report) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the prior year, the firm earned $2.76 earnings per share. As a group, research analysts predict that Shell plc will post 7.89 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 25th. Shareholders of record on Friday, February 16th will be issued a $0.662 dividend. This represents a $2.65 annualized dividend and a yield of 4.15%. The ex-dividend date is Thursday, February 15th. Shell’s payout ratio is 46.82%.

Shell Company Profile

(Free Report)

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 necessary to deliver gas to market.

Further Reading

Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell plc (NYSE:SHELFree Report).

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.