NTV Asset Management LLC Cuts Stake in Shell plc (NYSE:SHEL)

NTV Asset Management LLC decreased its holdings in Shell plc (NYSE:SHEL) by 12.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,757 shares of the energy company’s stock after selling 1,001 shares during the period. NTV Asset Management LLC’s holdings in Shell were worth $445,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Provence Wealth Management Group bought a new position in shares of Shell in the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC bought a new stake in Shell in the 3rd quarter worth $26,000. Rise Advisors LLC increased its position in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Shell in the third quarter worth about $32,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SHEL. Wells Fargo & Company increased their price objective on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Finally, TD Securities raised their target price on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.50.

Shell Stock Up 0.4 %

SHEL stock traded up $0.26 during midday trading on Friday, hitting $72.37. The stock had a trading volume of 4,407,390 shares, compared to its average volume of 4,739,239. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The firm has a market cap of $232.86 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.72 and a beta of 0.59. The business has a 50-day moving average of $68.43 and a two-hundred day moving average of $66.01. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94.

Shell (NYSE:SHEL) last issued 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. Shell had a net margin of 5.83% and a return on equity of 13.78%. The company had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. During the same period last year, the company posted $2.76 EPS. As a group, equities research analysts forecast that Shell plc will post 8.22 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be given a $0.688 dividend. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Thursday, May 16th. Shell’s payout ratio is currently 50.74%.

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.