Crescent Sterling Ltd. Reduces Stock Holdings in Shell plc (NYSE:SHEL)

Crescent Sterling Ltd. decreased its holdings in Shell plc (NYSE:SHEL) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,477 shares of the energy company’s stock after selling 3,470 shares during the quarter. Crescent Sterling Ltd.’s holdings in Shell were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Provence Wealth Management Group purchased a new position in Shell during the third quarter valued at $26,000. VisionPoint Advisory Group LLC purchased a new position in Shell during the third quarter valued at $26,000. Rise Advisors LLC lifted its position in Shell by 84.4% during the fourth 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 period. Valley National Advisers Inc. lifted its position in Shell by 217.7% during the fourth 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 period. Finally, Beaird Harris Wealth Management LLC lifted its position in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

NYSE SHEL traded down $1.44 during trading hours on Tuesday, hitting $71.68. The company’s stock had a trading volume of 4,276,608 shares, compared to its average volume of 4,703,892. The company’s 50 day simple moving average is $67.97 and its two-hundred day simple moving average is $65.94. The company has a market cap of $230.64 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.74 and a beta of 0.62. Shell plc has a 12 month low of $55.78 and a 12 month high of $73.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period in the previous year, the company posted $2.76 EPS. As a group, sell-side analysts expect that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.69%. Shell’s payout ratio is currently 48.59%.

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 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.