Sandy Spring Bank Raises Holdings in Shell plc (NYSE:SHEL)

Sandy Spring Bank boosted its position in Shell plc (NYSE:SHELFree Report) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 108,139 shares of the energy company’s stock after purchasing an additional 1,392 shares during the period. Sandy Spring Bank’s holdings in Shell were worth $7,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC boosted its position in Shell by 13.1% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,857 shares of the energy company’s stock valued at $254,000 after buying an additional 448 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Shell by 92.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 63,065 shares of the energy company’s stock valued at $4,150,000 after buying an additional 30,253 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Shell by 90.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. E&G Advisors LP lifted its holdings in Shell by 5.6% in the fourth quarter. E&G Advisors LP now owns 5,229 shares of the energy company’s stock valued at $344,000 after acquiring an additional 279 shares during the period. Finally, Eastern Bank acquired a new position in Shell in the fourth quarter valued at approximately $365,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

Get Our Latest Analysis on Shell

Shell Trading Up 0.0 %

Shares of NYSE:SHEL opened at $72.66 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $65.71 and a two-hundred day moving average of $65.25. The company has a market capitalization of $233.79 billion, a PE ratio of 12.84, a PEG ratio of 2.24 and a beta of 0.62. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.09.

Shell (NYSE:SHELGet Free Report) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.28. The company had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period in the prior year, the business earned $2.76 EPS. As a group, analysts forecast that Shell plc will post 8.12 EPS for the current year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were issued a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is presently 48.59%.

Shell Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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