Henry James International Management Inc. Decreases Stock Position in Shell plc (NYSE:SHEL)

Henry James International Management Inc. lessened its holdings in shares of Shell plc (NYSE:SHEL) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,387 shares of the energy company’s stock after selling 885 shares during the quarter. Henry James International Management Inc.’s holdings in Shell were worth $683,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SHEL. Founders Capital Management boosted its position in shares of Shell by 25.4% during the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after acquiring an additional 168 shares during the last quarter. Osborne Partners Capital Management LLC lifted its holdings in Shell by 1.0% in the third quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock valued at $1,057,000 after acquiring an additional 169 shares during the last quarter. Abacus Planning Group Inc. raised its position in Shell by 3.5% in the fourth quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock valued at $329,000 after purchasing an additional 169 shares during the period. Roberts Wealth Advisors LLC grew its holdings in shares of Shell by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock worth $1,749,000 after purchasing an additional 172 shares during the period. Finally, Advisor OS LLC increased its position in shares of Shell by 4.1% during the 3rd quarter. Advisor OS LLC now owns 4,450 shares of the energy company’s stock worth $286,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

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

Shell Stock Up 0.4 %

SHEL stock traded up $0.26 during midday trading on Friday, hitting $72.37. The company’s stock had a trading volume of 4,407,390 shares, compared to its average volume of 4,739,239. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The firm has a 50-day simple moving average of $68.43 and a 200-day simple moving average of $66.03. 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 firm has a market capitalization of $232.86 billion, a P/E ratio of 13.35, a PEG ratio of 1.72 and a beta of 0.59.

Shell (NYSE:SHEL) last issued its quarterly 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. Shell had a return on equity of 13.78% and a net margin of 5.83%. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same quarter in the prior year, the business earned $2.76 EPS. As a group, equities analysts forecast that Shell plc will post 8.22 EPS for the current year.

Shell Increases Dividend

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

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.