Mount Yale Investment Advisors LLC Sells 528 Shares of Shell plc (NYSE:SHEL)

Mount Yale Investment Advisors LLC reduced its holdings in Shell plc (NYSE:SHEL) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,323 shares of the energy company’s stock after selling 528 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Shell were worth $709,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC purchased a new position in Shell in the 3rd quarter worth $30,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in Shell in the 3rd quarter worth $35,000. GHP Investment Advisors Inc. lifted its holdings in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in shares of Shell during the fourth quarter valued at approximately $40,000. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

NYSE SHEL opened at $64.61 on Wednesday. The company has a 50-day moving average price of $64.19 and a 200-day moving average price of $67.44. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $197.53 billion, a P/E ratio of 13.29, a PEG ratio of 5.89 and a beta of 0.55. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.72 by $0.20. The firm had revenue of $72.46 billion during 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 period in the prior year, the business posted $1.86 EPS. Equities research analysts anticipate that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.26%. Shell’s payout ratio is 56.58%.

Analysts Set New Price Targets

SHEL has been the topic of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Piper Sandler reduced their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $79.69.

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.