PFG Investments LLC Sells 1,026 Shares of Shell plc (NYSE:SHEL)

PFG Investments LLC decreased its stake in shares of Shell plc (NYSE:SHEL) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,993 shares of the energy company’s stock after selling 1,026 shares during the quarter. PFG Investments LLC’s holdings in Shell were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SHEL. Roberts Wealth Advisors LLC lifted its stake in shares of Shell by 0.7% in the fourth quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock valued at $1,749,000 after buying an additional 172 shares in the last quarter. Red Door Wealth Management LLC raised its holdings in shares of Shell by 17.2% in the fourth quarter. Red Door Wealth Management LLC now owns 4,246 shares of the energy company’s stock valued at $279,000 after purchasing an additional 623 shares during the last quarter. Sendero Wealth Management LLC boosted its holdings in Shell by 5.2% during the fourth quarter. Sendero Wealth Management LLC now owns 28,183 shares of the energy company’s stock worth $1,854,000 after purchasing an additional 1,386 shares during the last quarter. Pacer Advisors Inc. increased its stake in Shell by 7.3% in the 4th quarter. Pacer Advisors Inc. now owns 905,725 shares of the energy company’s stock valued at $59,597,000 after buying an additional 61,746 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Shell by 4.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 354,020 shares of the energy company’s stock valued at $23,294,000 after acquiring an additional 13,497 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of SHEL opened at $66.76 on Thursday. Shell plc has a 1 year low of $55.53 and a 1 year high of $68.74. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The stock’s fifty day moving average price is $63.98 and its two-hundred day moving average price is $64.83. The firm has a market cap of $217.77 billion, a PE ratio of 11.80, a PEG ratio of 2.02 and a beta of 0.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The business had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. On average, equities research analysts forecast that Shell plc will post 8.25 EPS for the current year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.97%. Shell’s dividend payout ratio is currently 48.59%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BNP Paribas cut Shell from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 13th. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

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 necessary to deliver gas to market.