Fort Washington Investment Advisors Inc. OH Trims Position in Shell plc (NYSE:SHEL)

Fort Washington Investment Advisors Inc. OH reduced its position in shares of Shell plc (NYSE:SHEL) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,451 shares of the energy company’s stock after selling 756 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Shell were worth $342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SHEL. Transform Wealth LLC lifted its holdings in Shell by 11.2% in the fourth quarter. Transform Wealth LLC now owns 6,734 shares of the energy company’s stock valued at $422,000 after acquiring an additional 678 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Shell by 60.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 394,592 shares of the energy company’s stock valued at $24,721,000 after purchasing an additional 148,823 shares during the last quarter. HF Advisory Group LLC grew its holdings in shares of Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after purchasing an additional 4,028 shares during the period. Aaron Wealth Advisors LLC raised its holdings in Shell by 15.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 18,769 shares of the energy company’s stock valued at $1,176,000 after buying an additional 2,502 shares during the period. Finally, Riversedge Advisors LLC lifted its position in Shell by 18.4% in the fourth quarter. Riversedge Advisors LLC now owns 3,602 shares of the energy company’s stock valued at $226,000 after buying an additional 559 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Up 1.1 %

NYSE SHEL opened at $66.66 on Friday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The firm has a 50 day moving average of $64.22 and a two-hundred day moving average of $67.68. The stock has a market capitalization of $203.80 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 5.96 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

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

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.13%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

SHEL has been the topic of a number of research analyst reports. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price target on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price 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.