Shell plc (NYSE:SHEL) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management grew its stake in Shell plc (NYSE:SHEL) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,536 shares of the energy company’s stock after buying an additional 2,860 shares during the quarter. Ritholtz Wealth Management’s holdings in Shell were worth $3,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FAS Wealth Partners Inc. lifted its holdings in shares of Shell by 2.8% in the 3rd quarter. FAS Wealth Partners Inc. now owns 6,179 shares of the energy company’s stock valued at $398,000 after buying an additional 168 shares during the period. Founders Capital Management increased its stake in shares of Shell by 25.4% in the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after purchasing an additional 168 shares in the last quarter. Osborne Partners Capital Management LLC increased its stake in shares of Shell by 1.0% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock valued at $1,057,000 after purchasing an additional 169 shares in the last quarter. Roberts Wealth Advisors LLC increased its stake in shares of Shell by 0.7% in the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock valued at $1,749,000 after purchasing an additional 172 shares in the last quarter. Finally, &PARTNERS increased its stake in shares of Shell by 3.0% in the 3rd quarter. &PARTNERS now owns 6,029 shares of the energy company’s stock valued at $388,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SHEL shares. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. BNP Paribas lowered Shell from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 13th.

Shell Price Performance

NYSE:SHEL traded up $0.28 during trading hours on Thursday, hitting $67.04. 2,863,829 shares of the stock were exchanged, compared to its average volume of 4,657,795. 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 firm’s fifty day moving average price is $63.98 and its 200 day moving average price is $64.83. The company has a market cap of $218.69 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.02 and a beta of 0.61. Shell plc has a 52-week low of $55.78 and a 52-week high of $68.74.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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 business had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period in the prior year, the business earned $2.76 earnings per share. As a group, equities research analysts anticipate that Shell plc will post 8.25 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were issued a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is presently 48.59%.

Shell 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 necessary to deliver gas to market.