DAVENPORT & Co LLC Sells 425 Shares of Shell plc (NYSE:SHEL)

DAVENPORT & Co LLC decreased its holdings in shares of Shell plc (NYSE:SHELFree Report) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,838 shares of the energy company’s stock after selling 425 shares during the period. DAVENPORT & Co LLC’s holdings in Shell were worth $15,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC lifted its stake in Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Shell by 96,141.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock worth $818,414,000 after purchasing an additional 14,355,814 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Shell in the 1st quarter worth about $677,739,000. Norges Bank bought a new stake in shares of Shell in the 4th quarter worth about $658,071,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Shell in the 1st quarter worth about $549,346,000. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. BNP Paribas downgraded shares of Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 13th.

Check Out Our Latest Stock Analysis on Shell

Shell Stock Performance

Shares of NYSE:SHEL opened at $69.77 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $225.34 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.06 and a beta of 0.62. The firm’s 50-day moving average is $64.52 and its 200 day moving average is $64.93. Shell plc has a 12 month low of $55.78 and a 12 month high of $69.78.

Shell (NYSE:SHELGet Free Report) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 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 the consensus estimate of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period in the prior year, the firm earned $2.76 EPS. Research analysts predict that Shell plc will post 8.25 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a $0.662 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.80%. Shell’s payout ratio is presently 48.59%.

Shell Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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