Mitchell Capital Management Co. Sells 6,960 Shares of Shell plc (NYSE:SHEL)

Mitchell Capital Management Co. trimmed its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,252 shares of the energy company's stock after selling 6,960 shares during the period. Mitchell Capital Management Co.'s holdings in Shell were worth $2,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stephens Inc. AR grew its stake in shares of Shell by 3.5% during the third quarter. Stephens Inc. AR now owns 169,488 shares of the energy company's stock worth $11,178,000 after purchasing an additional 5,800 shares during the period. Lowe Brockenbrough & Co. Inc. grew its position in shares of Shell by 1.3% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 23,081 shares of the energy company's stock worth $1,522,000 after buying an additional 298 shares during the period. Capital Advisors Inc. OK increased its stake in shares of Shell by 34.0% in the 3rd quarter. Capital Advisors Inc. OK now owns 7,268 shares of the energy company's stock valued at $479,000 after acquiring an additional 1,846 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Shell by 9.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,706 shares of the energy company's stock valued at $574,000 after acquiring an additional 756 shares during the period. Finally, James Investment Research Inc. boosted its stake in Shell by 5.7% during the 3rd quarter. James Investment Research Inc. now owns 12,614 shares of the energy company's stock worth $832,000 after acquiring an additional 682 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 0.2 %

SHEL traded down $0.15 during trading hours on Wednesday, hitting $66.06. 5,262,210 shares of the company's stock were exchanged, compared to its average volume of 4,174,682. The stock's 50-day moving average is $65.69 and its two-hundred day moving average is $66.50. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The stock has a market cap of $200.89 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Sell-side analysts predict that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.34%. This is a boost from Shell's previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell's dividend payout ratio (DPR) is presently 56.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company cut their target price 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. 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. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $79.11.

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.