Diversify Advisory Services LLC Cuts Position in Shell plc (NYSE:SHEL)

Diversify Advisory Services LLC cut its holdings in Shell plc (NYSE:SHEL) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,861 shares of the energy company’s stock after selling 405 shares during the quarter. Diversify Advisory Services LLC’s holdings in Shell were worth $251,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Coronation Fund Managers Ltd. raised its position in shares of Shell by 7.6% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock valued at $1,097,000 after buying an additional 1,068 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Shell by 46.0% in the 2nd quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company’s stock valued at $3,048,000 after purchasing an additional 13,299 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Shell by 13.2% during the 2nd quarter. AE Wealth Management LLC now owns 12,106 shares of the energy company’s stock valued at $874,000 after purchasing an additional 1,416 shares during the last quarter. Marshall Wace LLP raised its holdings in Shell by 147.8% during the 2nd quarter. Marshall Wace LLP now owns 152,146 shares of the energy company’s stock valued at $10,982,000 after buying an additional 90,746 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in Shell by 74.8% during the second quarter. Cubist Systematic Strategies LLC now owns 96,362 shares of the energy company’s stock worth $6,955,000 after buying an additional 41,231 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL stock opened at $66.66 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market cap of $203.80 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 5.96 and a beta of 0.55. The company’s 50 day moving average is $64.22 and its 200 day moving average is $67.68. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The company had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter last year, the company earned $1.86 earnings per share. On average, sell-side analysts anticipate that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company lowered their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Shell currently has an average rating of “Buy” and an average target price of $79.69.

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.