SouthState Corp Purchases 560 Shares of Shell plc (NYSE:SHEL)

SouthState Corp raised its position in Shell plc (NYSE:SHEL) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,019 shares of the energy company’s stock after acquiring an additional 560 shares during the quarter. SouthState Corp’s holdings in Shell were worth $5,265,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Shell by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after purchasing an additional 477,432 shares during the period. Morgan Stanley boosted its holdings in shares of Shell by 4.3% in the 3rd quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Shell by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Shell by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,435,003 shares of the energy company’s stock worth $285,526,000 after purchasing an additional 409,016 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.6 %

SHEL traded up $1.16 during trading hours on Thursday, reaching $72.11. 4,913,390 shares of the company’s stock traded hands, compared to its average volume of 4,722,877. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The firm has a market capitalization of $232.02 billion, a PE ratio of 12.54, a PEG ratio of 1.70 and a beta of 0.59. The firm has a 50-day moving average price of $68.10 and a 200 day moving average price of $65.97. 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 issued its 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. The business had revenue of $80.13 billion during the quarter, compared to analysts’ expectations 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 EPS. As a group, sell-side analysts predict that Shell plc will post 8.16 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.