Segall Bryant & Hamill LLC Reduces Stock Position in Shell plc (NYSE:SHEL)

Segall Bryant & Hamill LLC lowered its position in Shell plc (NYSE:SHEL) by 12.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,194 shares of the energy company’s stock after selling 9,000 shares during the period. Segall Bryant & Hamill LLC’s holdings in Shell were worth $3,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in shares of Shell in the fourth quarter valued at $28,000. Valley National Advisers Inc. increased its holdings in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Human Investing LLC acquired a new position in Shell during the fourth quarter worth about $31,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the third quarter valued at approximately $35,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Shell during the 4th quarter worth approximately $36,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 0.4 %

SHEL stock opened at $73.35 on Friday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a market cap of $221.80 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 0.98 and a beta of 0.47. 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 business has a fifty day simple moving average of $67.56 and a 200-day simple moving average of $66.38.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, equities research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a $0.716 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.90%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is presently 56.97%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Cowen started coverage on Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price objective on the stock. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler cut their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. TD Securities lifted their target price on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company increased their price target on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of “Buy” and an average target price of $80.10.

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.