Tandem Capital Management Corp ADV Sells 220 Shares of Shell plc (NYSE:SHEL)

Tandem Capital Management Corp ADV reduced its position in Shell plc (NYSE:SHEL) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,026 shares of the energy company’s stock after selling 220 shares during the period. Tandem Capital Management Corp ADV’s holdings in Shell were worth $1,778,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. FMR LLC increased its stake in shares of Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares during the last quarter. Morgan Stanley increased its holdings in shares of Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after acquiring an additional 384,967 shares in the last quarter. Wellington Management Group LLP grew its position 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 valued at $562,866,000 after purchasing an additional 848,104 shares during the period. Bank of New York Mellon Corp increased its stake in Shell by 10.2% during 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 in the last quarter. Finally, Pzena Investment Management LLC lifted its stake in Shell by 1.6% in the third quarter. Pzena Investment Management LLC now owns 3,939,739 shares of the energy company’s stock valued at $253,640,000 after buying an additional 61,583 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

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

Shell Stock Up 0.2 %

NYSE SHEL traded up $0.14 during trading hours on Thursday, hitting $73.27. 3,075,509 shares of the company traded hands, compared to its average volume of 4,737,601. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The stock has a market capitalization of $235.75 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.73 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 business’s 50-day moving average is $67.23 and its 200-day moving average is $65.77.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The company had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same quarter last year, the firm posted $2.76 EPS. Sell-side analysts anticipate that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is currently 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.