Shell plc (NYSE:SHEL) Stock Position Cut by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. decreased its holdings in shares of Shell plc (NYSE:SHEL) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,084 shares of the energy company’s stock after selling 1,202 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Shell were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Foster Group Inc. boosted its position in shares of Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after purchasing an additional 162 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Shell by 40.8% during the 3rd 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 in the last quarter. Warther Private Wealth LLC boosted its position in shares of Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after purchasing an additional 169 shares in the last quarter. Klingman & Associates LLC boosted its position in shares of Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after purchasing an additional 170 shares in the last quarter. Finally, RHS Financial LLC boosted its position in shares of Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. 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 report on Friday, January 3rd. Wells Fargo & Company decreased their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Piper Sandler reduced their price target 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. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $79.11.

Shell Trading Up 0.1 %

Shares of SHEL stock opened at $66.94 on Wednesday. The business’s 50 day moving average is $65.09 and its two-hundred day moving average is $66.70. The company has a market cap of $203.57 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.35 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.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.28%. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.