Shell plc (NYSE:SHEL) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its holdings in shares of Shell plc (NYSE:SHEL) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,417 shares of the energy company’s stock after selling 4,613 shares during the period. Apollon Wealth Management LLC’s holdings in Shell were worth $1,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHEL. Valley National Advisers Inc. raised its holdings in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Shell during the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell during the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell during the third quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL opened at $67.40 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $64.33 and its 200-day moving average is $67.03. The firm has a market cap of $206.06 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities analysts expect that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio is currently 56.97%.

Analysts Set New Price Targets

Several research analysts have weighed in on SHEL shares. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.11.

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.