SeaCrest Wealth Management LLC Sells 3,474 Shares of Shell plc (NYSE:SHEL)

SeaCrest Wealth Management LLC reduced its stake in Shell plc (NYSE:SHEL) by 9.6% during the fourth quarter, HoldingsChannel reports. The firm owned 32,858 shares of the energy company’s stock after selling 3,474 shares during the period. SeaCrest Wealth Management LLC’s holdings in Shell were worth $2,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHEL. Ellsworth Advisors LLC grew its position in Shell by 9.4% in the fourth quarter. Ellsworth Advisors LLC now owns 14,616 shares of the energy company’s stock worth $962,000 after acquiring an additional 1,259 shares in the last quarter. Saxon Interests Inc. purchased a new position in shares of Shell in the 4th quarter worth about $419,000. Transform Wealth LLC raised its holdings in shares of Shell by 3.5% during the 4th quarter. Transform Wealth LLC now owns 6,984 shares of the energy company’s stock valued at $460,000 after buying an additional 239 shares in the last quarter. Ritholtz Wealth Management lifted its position in Shell by 6.3% in the 4th quarter. Ritholtz Wealth Management now owns 48,536 shares of the energy company’s stock worth $3,194,000 after buying an additional 2,860 shares during the last quarter. Finally, Everett Harris & Co. CA grew its position in Shell by 11.5% during the fourth quarter. Everett Harris & Co. CA now owns 135,938 shares of the energy company’s stock valued at $8,945,000 after acquiring an additional 14,060 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.4 %

Shares of NYSE:SHEL traded up $0.28 during trading on Thursday, reaching $67.04. 2,863,829 shares of the company traded hands, compared to its average volume of 4,657,795. 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 plc has a 52-week low of $55.78 and a 52-week high of $68.74. The business’s fifty day moving average is $64.10 and its 200-day moving average is $64.84. The firm has a market capitalization of $218.69 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 2.02 and a beta of 0.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same quarter last year, the firm earned $2.76 EPS. As a group, analysts forecast that Shell plc will post 8.25 EPS for the current year.

Shell Dividend Announcement

The firm 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. This represents a $2.65 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s payout ratio is 48.59%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SHEL. TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. BNP Paribas lowered shares of Shell from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 13th.

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 necessary to deliver gas to market.