Chevy Chase Trust Holdings LLC Cuts Stake in Shell plc (NYSE:SHEL)

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,748,486 shares of the energy company's stock after selling 65,883 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Shell worth $109,543,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. increased its position in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after purchasing an additional 400 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Shell during the third quarter worth $30,000. Valley Wealth Managers Inc. acquired a new position in Shell in the third quarter valued at $33,000. Brooklyn Investment Group bought a new stake in Shell during the third quarter valued at $35,000. Finally, GHP Investment Advisors Inc. raised its position in shares of 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 acquiring an additional 163 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $79.11.

Shell Stock Up 1.1 %

Shares of SHEL stock traded up $0.74 during trading hours on Tuesday, reaching $67.87. The company had a trading volume of 3,332,477 shares, compared to its average volume of 4,146,399. The company has a market cap of $207.50 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The business has a fifty day simple moving average of $64.61 and a 200-day simple moving average of $66.85.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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%. On average, research analysts expect that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This is a positive change from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.22%. Shell's dividend payout ratio (DPR) is 54.78%.

Shell Company 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.