Barry Investment Advisors LLC Has $1.27 Million Holdings in Shell plc (NYSE:SHEL)

Barry Investment Advisors LLC reduced its holdings in Shell plc (NYSE:SHEL) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,334 shares of the energy company’s stock after selling 215 shares during the quarter. Barry Investment Advisors LLC’s holdings in Shell were worth $1,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Stonegate Investment Group LLC raised its position in Shell by 4.2% in the 4th quarter. Stonegate Investment Group LLC now owns 12,485 shares of the energy company’s stock worth $782,000 after purchasing an additional 500 shares during the last quarter. Perigon Wealth Management LLC raised its position in Shell by 0.6% in the 4th quarter. Perigon Wealth Management LLC now owns 30,839 shares of the energy company’s stock worth $2,049,000 after purchasing an additional 196 shares during the last quarter. YHB Investment Advisors Inc. raised its position in Shell by 2.4% in the 4th quarter. YHB Investment Advisors Inc. now owns 65,962 shares of the energy company’s stock worth $4,133,000 after purchasing an additional 1,577 shares during the last quarter. Verde Servicos Internacionais S.A. bought a new position in Shell in the 4th quarter worth approximately $439,000. Finally, Lebenthal Global Advisors LLC raised its position in Shell by 11.5% in the 4th quarter. Lebenthal Global Advisors LLC now owns 10,342 shares of the energy company’s stock worth $648,000 after purchasing an additional 1,066 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several research analyst reports. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Piper Sandler dropped their target price 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. Wells Fargo & Company dropped their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. One research 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 MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $79.69.

Shell Trading Down 0.8 %

Shell stock opened at $64.61 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The firm has a 50-day moving average of $64.19 and a 200-day moving average of $67.44. The company has a market cap of $197.53 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 5.89 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The company had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same period in the prior year, the firm earned $1.86 EPS. On average, equities analysts expect that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.26%. Shell’s dividend payout ratio is currently 56.58%.

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.