Schnieders Capital Management LLC Sells 350 Shares of Shell plc (NYSE:SHEL)

Schnieders Capital Management LLC lowered its position in shares of Shell plc (NYSE:SHEL) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,460 shares of the energy company’s stock after selling 350 shares during the period. Schnieders Capital Management LLC’s holdings in Shell were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Yousif Capital Management LLC grew its position in Shell by 4.9% during the 4th quarter. Yousif Capital Management LLC now owns 58,039 shares of the energy company’s stock worth $3,819,000 after acquiring an additional 2,700 shares during the last quarter. GAMMA Investing LLC acquired a new position in Shell during the 4th quarter worth about $205,000. PDS Planning Inc lifted its holdings in Shell by 5.7% during the 4th quarter. PDS Planning Inc now owns 8,540 shares of the energy company’s stock worth $562,000 after buying an additional 462 shares during the period. RWA Wealth Partners LLC acquired a new position in Shell during the 4th quarter worth about $418,000. Finally, Jennison Associates LLC lifted its holdings in Shell by 3.2% during the 4th quarter. Jennison Associates LLC now owns 1,128,216 shares of the energy company’s stock worth $74,237,000 after buying an additional 34,459 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shell Trading Up 0.5 %

Shares of NYSE:SHEL traded up $0.37 during midday trading on Tuesday, reaching $72.76. The company’s stock had a trading volume of 3,239,727 shares, compared to its average volume of 4,761,137. The firm has a market capitalization of $234.11 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 2.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. The firm has a 50 day moving average price of $67.03 and a two-hundred day moving average price of $65.72. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $2.76 EPS. As a group, analysts forecast that Shell plc will post 8.12 earnings per share for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s payout ratio is 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.