Callan Capital LLC Sells 2,057 Shares of Shell plc (NYSE:SHEL)

Callan Capital LLC lessened its stake in shares of Shell plc (NYSE:SHEL) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,730 shares of the energy company’s stock after selling 2,057 shares during the quarter. Callan Capital LLC’s holdings in Shell were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Shell in the 3rd quarter worth $121,000. Allspring Global Investments Holdings LLC boosted its position in shares of Shell by 45.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,181 shares of the energy company’s stock worth $1,067,000 after purchasing an additional 5,050 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Shell by 18.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,142 shares of the energy company’s stock worth $273,000 after purchasing an additional 641 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Shell by 6,510.1% in the 3rd quarter. International Assets Investment Management LLC now owns 352,649 shares of the energy company’s stock worth $23,257,000 after purchasing an additional 347,314 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Shell by 7.0% in the 3rd quarter. CENTRAL TRUST Co now owns 27,199 shares of the energy company’s stock worth $1,794,000 after purchasing an additional 1,785 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

NYSE SHEL opened at $66.67 on Friday. The stock has a 50-day simple moving average of $64.89 and a two-hundred day simple moving average of $66.79. The firm has a market capitalization of $202.75 billion, a P/E ratio of 13.28, a PEG ratio of 0.98 and a beta of 0.54. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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, equities analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analysts Set New Price Targets

SHEL has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Shell has an average rating of “Buy” and a consensus price target of $79.11.

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.