Janney Capital Management LLC Has $7.88 Million Holdings in Shell plc (NYSE:SHEL)

Janney Capital Management LLC lessened its stake in shares of Shell plc (NYSE:SHEL) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 125,794 shares of the energy company’s stock after selling 2,020 shares during the quarter. Janney Capital Management LLC’s holdings in Shell were worth $7,881,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC bought a new position in shares of Shell during the third quarter worth approximately $30,000. Valley Wealth Managers Inc. acquired a new position in Shell in the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell during the 3rd quarter worth $35,000. GHP Investment Advisors Inc. increased its position in shares of 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 purchasing an additional 163 shares during the period. Finally, Kieckhefer Group LLC bought a new stake in Shell during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.1 %

Shares of NYSE:SHEL opened at $66.69 on Wednesday. Shell plc has a 12-month low of $60.15 and a 12-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 firm has a market cap of $203.91 billion, a P/E ratio of 13.73, a P/E/G ratio of 5.96 and a beta of 0.55. The business has a fifty day simple moving average of $64.19 and a 200 day simple moving average of $67.74.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The firm had revenue of $72.46 billion during the quarter, compared to analyst estimates of $84.58 billion. During the same period last year, the company posted $1.86 EPS. Analysts predict that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.13%. Shell’s dividend payout ratio is currently 56.58%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SHEL. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $79.69.

Shell Company Profile

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.