Callan Capital LLC Purchases 1,536 Shares of Shell plc (NYSE:SHEL)

Callan Capital LLC raised its position in shares of Shell plc (NYSE:SHEL) by 48.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,679 shares of the energy company’s stock after purchasing an additional 1,536 shares during the quarter. Callan Capital LLC’s holdings in Shell were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Provence Wealth Management Group bought a new stake in shares of Shell in the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC bought a new stake in shares of Shell in the third quarter worth approximately $26,000. Rise Advisors LLC boosted its holdings in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Shell in the third quarter worth approximately $32,000. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

Shell Price Performance

NYSE:SHEL traded up $0.01 during trading hours on Friday, hitting $73.28. 3,873,353 shares of the stock traded hands, compared to its average volume of 4,730,938. The stock has a 50 day moving average price of $67.62 and a 200 day moving average price of $65.87. Shell plc has a 1 year low of $55.78 and a 1 year high of $73.94. The company has a market cap of $235.79 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.73 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. The business had revenue of $80.13 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $2.76 earnings per share. Sell-side analysts forecast that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio is currently 48.59%.

About Shell

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.