AllSquare Wealth Management LLC Sells 2,000 Shares of Shell plc (NYSE:SHEL)

AllSquare Wealth Management LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the energy company’s stock after selling 2,000 shares during the quarter. AllSquare Wealth Management LLC’s holdings in Shell were worth $188,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Shell during the 4th quarter worth about $91,716,000. Holocene Advisors LP grew its stake in Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares during the last quarter. Fisher Asset Management LLC lifted its position in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after acquiring an additional 507,311 shares during the last quarter. Finally, Merewether Investment Management LP boosted its holdings in shares of Shell by 41.0% during the third quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock worth $101,877,000 after acquiring an additional 449,000 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE:SHEL opened at $71.91 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $217.43 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock’s 50-day simple moving average is $66.92 and its 200 day simple moving average is $66.26.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.98%. Shell’s dividend payout ratio (DPR) is 56.97%.

Analyst Ratings Changes

SHEL has been the subject of several research reports. Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Finally, TD Securities increased their price target on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Shell currently has an average rating of “Buy” and a consensus price target of $79.48.

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.