Insigneo Advisory Services LLC Sells 4,129 Shares of Shell plc (NYSE:SHEL)

Insigneo Advisory Services LLC trimmed its stake in Shell plc (NYSE:SHEL - Free Report) by 13.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,413 shares of the energy company's stock after selling 4,129 shares during the quarter. Insigneo Advisory Services LLC's holdings in Shell were worth $1,655,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SHEL. Valley National Advisers Inc. grew its position in Shell by 930.2% during the fourth 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 in the last quarter. CoreFirst Bank & Trust acquired a new position in Shell in the 4th quarter worth about $28,000. Human Investing LLC acquired a new position in Shell in the fourth quarter worth approximately $31,000. Millstone Evans Group LLC acquired a new stake in Shell in the fourth quarter valued at approximately $36,000. Finally, Summit Securities Group LLC increased its stake in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on SHEL. Barclays reiterated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Cowen reduced their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $77.73.

Shell Trading Down 1.6 %

NYSE:SHEL traded down $1.03 during trading hours on Monday, hitting $64.01. 1,514,993 shares of the stock were exchanged, compared to its average volume of 4,285,298. The company has a market capitalization of $193.55 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. 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 twelve month low of $58.55 and a twelve month high of $74.61. The company's 50 day moving average is $67.31 and its two-hundred day moving average is $66.09.

Shell (NYSE:SHEL - Get Free Report) last posted its 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%. On average, sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a dividend of $0.716 per share. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, February 14th. Shell's payout ratio is currently 56.97%.

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.