Ritholtz Wealth Management Raises Holdings in Shell plc (NYSE:SHEL)

Ritholtz Wealth Management lifted its holdings in shares of Shell plc (NYSE:SHEL) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,536 shares of the energy company’s stock after purchasing an additional 2,860 shares during the period. Ritholtz Wealth Management’s holdings in Shell were worth $3,194,000 as of its most recent SEC filing.

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

Shell Trading Up 0.4 %

Shares of NYSE SHEL traded up $0.28 during trading on Thursday, hitting $67.04. 2,863,829 shares of the company traded hands, compared to its average volume of 4,657,795. Shell plc has a 1 year low of $55.78 and a 1 year high of $68.74. The company has a 50-day moving average price of $63.98 and a 200-day moving average price of $64.83. The firm has a market capitalization 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. 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 earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.28. The business had revenue of $80.13 billion for the quarter, compared to analyst estimates 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 EPS. On average, equities analysts predict that Shell plc will post 8.25 EPS for the current year.

Shell Announces Dividend

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

Analyst Upgrades and Downgrades

SHEL has been the subject of several recent analyst reports. TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. BNP Paribas cut shares of Shell from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 13th.

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.