Stock Yards Bank & Trust Co. Sells 8,880 Shares of Shell plc (NYSE:SHEL)

Stock Yards Bank & Trust Co. trimmed its position in Shell plc (NYSE:SHEL) by 48.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,525 shares of the energy company’s stock after selling 8,880 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Shell were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its holdings in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Shell in the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the third quarter worth $33,000. Brooklyn Investment Group acquired a new position in Shell during the third quarter valued at $35,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of SHEL stock opened at $65.21 on Tuesday. The company has a market capitalization of $199.37 billion, a P/E ratio of 12.99, a P/E/G ratio of 6.57 and a beta of 0.55. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The stock has a 50 day moving average of $64.18 and a two-hundred day moving average of $67.23.

Shell (NYSE:SHEL) last announced its quarterly earnings results 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%. As a group, equities analysts expect that Shell plc will post 7.27 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.39%. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is currently 56.97%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research 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. Scotiabank cut their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company reduced their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Shell presently has an average rating of “Buy” and an average target price of $79.11.

Shell 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.