Dynamic Advisor Solutions LLC Sells 4,444 Shares of Shell plc (NYSE:SHEL)

Dynamic Advisor Solutions LLC lessened its stake in Shell plc (NYSE:SHEL) by 25.5% during the fourth quarter, Holdings Channel reports. The firm owned 12,950 shares of the energy company’s stock after selling 4,444 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Shell were worth $811,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. NorthCrest Asset Manangement LLC grew its stake in shares of Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after acquiring an additional 225 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after purchasing an additional 46,293 shares in the last quarter. HF Advisory Group LLC increased its stake 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 buying an additional 4,028 shares during the last quarter. Creative Planning boosted its stake in shares of Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after buying an additional 29,677 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its holdings in shares of Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after acquiring an additional 422,329 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $65.39 on Monday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $199.92 billion, a P/E ratio of 13.45, a P/E/G ratio of 5.89 and a beta of 0.55. The company has a 50 day moving average of $64.23 and a 200 day moving average of $67.55.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The firm had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. As a group, sell-side analysts forecast that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SHEL shares. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their price target 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, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. One equities research 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 presently has an average rating of “Buy” and a consensus price target 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.