Fidelis Capital Partners LLC Sells 8,276 Shares of Shell plc (NYSE:SHEL)

Fidelis Capital Partners LLC reduced its stake in Shell plc (NYSE:SHEL - Free Report) by 45.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,753 shares of the energy company's stock after selling 8,276 shares during the period. Fidelis Capital Partners LLC's holdings in Shell were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SHEL. Brighton Jones LLC boosted its stake in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after purchasing an additional 2,545 shares in the last quarter. Private Advisor Group LLC boosted its position in Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after buying an additional 301 shares during the period. HF Advisory Group LLC increased its position in Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock valued at $1,852,000 after acquiring an additional 4,028 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company's stock valued at $206,116,000 after acquiring an additional 46,293 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. grew its stake in shares of Shell by 266.1% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after purchasing an additional 88,700 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.2 %

Shares of NYSE SHEL traded down $0.11 during trading on Wednesday, hitting $66.09. 3,968,141 shares of the company traded hands, compared to its average volume of 4,142,227. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The business's fifty day moving average is $65.69 and its 200 day moving average is $66.50. The firm has a market capitalization of $200.99 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.98 and a beta of 0.47. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research 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. Shareholders of record on Friday, February 14th will be paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.33%. 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. Shell's dividend payout ratio (DPR) is 56.97%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of 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 upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Shell presently has a consensus rating of "Buy" and an average price target of $79.11.

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.