Shell plc (NYSE:SHEL) Stock Position Decreased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV lessened its holdings in shares of Shell plc (NYSE:SHEL) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,026 shares of the energy company’s stock after selling 220 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Shell were worth $1,778,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in 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 purchasing an additional 6,554,340 shares in the last quarter. Morgan Stanley grew its holdings in Shell by 4.3% during the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after purchasing an additional 384,967 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Shell by 10.7% in the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after buying an additional 848,104 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Shell by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,435,003 shares of the energy company’s stock worth $285,526,000 after buying an additional 409,016 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in Shell by 1.6% in the 3rd quarter. Pzena Investment Management LLC now owns 3,939,739 shares of the energy company’s stock worth $253,640,000 after acquiring an additional 61,583 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

SHEL traded up $0.14 during trading on Thursday, reaching $73.27. 3,075,509 shares of the company’s stock were exchanged, compared to its average volume of 4,737,601. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $235.75 billion, a P/E ratio of 12.95, a PEG ratio of 1.73 and a beta of 0.62. The business has a 50 day moving average price of $67.23 and a 200 day moving average price of $65.77.

Shell (NYSE:SHEL) last issued its quarterly earnings data 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 company had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period last year, the business earned $2.76 earnings per share. As a group, analysts predict that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a $0.662 dividend. This represents a $2.65 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is presently 48.59%.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

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 to deliver gas to market.