Gateway Wealth Partners LLC Trims Stock Position in Shell plc (NYSE:SHEL)

Gateway Wealth Partners LLC decreased its stake in shares of Shell plc (NYSE:SHEL) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,113 shares of the energy company’s stock after selling 248 shares during the period. Gateway Wealth Partners LLC’s holdings in Shell were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after acquiring an additional 2,545 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Shell by 6.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after buying an additional 46,293 shares in the last quarter. HF Advisory Group LLC grew its position in shares of Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after buying an additional 4,028 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Shell by 3.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,008,002 shares of the energy company’s stock valued at $63,151,000 after acquiring an additional 32,603 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.2 %

Shares of Shell stock opened at $64.68 on Thursday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $64.17 and its 200 day moving average is $67.42. The company has a market cap of $197.76 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The firm had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. During the same period last year, the business posted $1.86 EPS. Research analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is currently 56.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $79.69.

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.