Schnieders Capital Management LLC Decreases Stake in Shell plc (NYSE:SHEL)

Schnieders Capital Management LLC lowered its position in shares of Shell plc (NYSE:SHEL) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,460 shares of the energy company’s stock after selling 350 shares during the quarter. Schnieders Capital Management LLC’s holdings in Shell were worth $688,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Provence Wealth Management Group purchased a new position in Shell in the 3rd quarter worth approximately $26,000. VisionPoint Advisory Group LLC purchased a new position in Shell in the 3rd quarter worth approximately $26,000. Rise Advisors LLC boosted its stake in shares of Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. boosted its stake in shares of Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Shell during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Shell Price Performance

SHEL stock traded up $0.37 during trading hours on Tuesday, hitting $72.76. 3,239,727 shares of the stock traded hands, compared to its average volume of 4,761,137. The stock has a 50-day simple moving average of $67.03 and a 200 day simple moving average of $65.72. Shell plc has a one year low of $55.78 and a one year high of $73.94. The company has a market cap of $234.11 billion, a P/E ratio of 12.86, a P/E/G ratio of 2.22 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. The business had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same quarter last year, the business posted $2.76 earnings per share. Equities analysts forecast that Shell plc will post 8.12 earnings per share for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a yield of 3.64%. Shell’s dividend payout ratio is currently 48.59%.

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.