Resonant Capital Advisors LLC Sells 273 Shares of Shell plc (NYSE:SHEL)

Resonant Capital Advisors LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,099 shares of the energy company’s stock after selling 273 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Shell were worth $270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. FMR LLC grew its holdings in Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Shell by 96,141.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock valued at $818,414,000 after buying an additional 14,355,814 shares in the last quarter. Wellington Management Group LLP purchased a new position in Shell during the 1st quarter valued at approximately $677,739,000. Norges Bank purchased a new position in Shell during the 4th quarter valued at approximately $658,071,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Shell during the 1st quarter valued at approximately $549,346,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $72.07 on Friday. The stock has a market cap of $231.89 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. 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 price of $66.68 and a 200-day moving average price of $65.55. Shell plc has a one year low of $55.78 and a one year high of $73.94.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The firm had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same quarter in the previous year, the business earned $2.76 EPS. Equities analysts expect that Shell plc will post 8.12 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio is currently 48.59%.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a 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 to deliver gas to market.