Atomi Financial Group Inc. Sells 1,671 Shares of Shell plc (NYSE:SHEL)

Atomi Financial Group Inc. lowered its stake in shares of Shell plc (NYSE:SHEL) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,891 shares of the energy company’s stock after selling 1,671 shares during the period. Atomi Financial Group Inc.’s holdings in Shell were worth $1,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Procyon Advisors LLC increased its stake in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after buying an additional 159 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. Doliver Advisors LP lifted its holdings in Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after acquiring an additional 180 shares during the period. OneDigital Investment Advisors LLC grew its stake in Shell by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after purchasing an additional 196 shares during the period. Finally, Bridge Creek Capital Management LLC increased its position in shares of Shell by 0.4% during the 4th quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company’s stock valued at $3,353,000 after purchasing an additional 196 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SHEL. Piper Sandler decreased their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Performance

NYSE:SHEL opened at $66.72 on Wednesday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. 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 stock has a market cap of $204.00 billion, a P/E ratio of 13.73, a PEG ratio of 5.96 and a beta of 0.55. The business’s 50-day moving average price is $64.19 and its two-hundred day moving average price is $67.74.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. Shell had a net margin of 5.17% and a return on equity of 14.54%. The business had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter in the previous year, the company earned $1.86 EPS. As a group, equities analysts predict that Shell plc will post 8.21 EPS for the current fiscal 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 issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is currently 56.58%.

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.