Drive Wealth Management LLC Sells 292 Shares of Shell plc (NYSE:SHEL)

Drive Wealth Management LLC lowered its holdings in shares of Shell plc (NYSE:SHEL) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,057 shares of the energy company’s stock after selling 292 shares during the period. Drive Wealth Management LLC’s holdings in Shell were worth $473,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Provence Wealth Management Group purchased a new position in shares of Shell during the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC purchased a new position in shares of Shell during the third quarter valued at approximately $26,000. Rise Advisors LLC boosted its position in shares of Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. boosted its position in shares of Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its position in shares of Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shell Stock Performance

Shares of Shell stock remained flat at $73.27 during midday trading on Friday. The company had a trading volume of 3,880,010 shares, compared to its average volume of 4,799,317. 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 cap of $235.75 billion, a PE ratio of 12.95, a P/E/G ratio of 1.74 and a beta of 0.62. The firm has a 50-day moving average price of $67.62 and a 200 day moving average price of $65.87. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same period last year, the business posted $2.76 EPS. Equities research analysts forecast that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

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

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.