Eagle Rock Investment Company LLC Sells 900 Shares of Shell plc (NYSE:SHEL)

Eagle Rock Investment Company LLC cut its position in shares of Shell plc (NYSE:SHELFree Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,250 shares of the energy company’s stock after selling 900 shares during the period. Eagle Rock Investment Company LLC’s holdings in Shell were worth $609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after buying an additional 6,554,340 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Shell by 96,141.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock valued at $818,414,000 after acquiring an additional 14,355,814 shares in the last quarter. Wellington Management Group LLP bought a new stake in Shell during the 1st quarter valued at $677,739,000. Norges Bank acquired a new stake in shares of Shell in the 4th quarter worth $658,071,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Shell in the 1st quarter worth $549,346,000. 9.23% of the stock is owned by institutional investors.

Shell Stock Down 0.1 %

Shares of Shell stock traded down $0.08 during trading hours on Thursday, reaching $66.86. 4,038,293 shares of the company were exchanged, compared to its average volume of 4,799,206. Shell plc has a 1 year low of $53.74 and a 1 year high of $68.74. The stock’s fifty day moving average is $63.56 and its 200 day moving average is $64.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The firm has a market cap of $218.08 billion, a PE ratio of 11.82, a PEG ratio of 2.01 and a beta of 0.61.

Shell (NYSE:SHELGet Free Report) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping the consensus estimate 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 net margin of 5.99% and a return on equity of 14.69%. During the same quarter in the prior year, the firm earned $2.76 earnings per share. As a group, equities research analysts forecast that Shell plc will post 8.25 earnings per share for the current year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, February 16th will be given a dividend of $0.662 per share. The ex-dividend date is Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.96%. Shell’s dividend payout ratio is currently 48.59%.

Analyst Ratings Changes

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

Read Our Latest Analysis on SHEL

About Shell

(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 necessary to deliver gas to market.

Featured Stories

Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell plc (NYSE:SHELFree Report).

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

Receive News & Ratings for Shell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shell and related companies with MarketBeat.com's FREE daily email newsletter.