Marks Group Wealth Management Inc Has $813,000 Holdings in Shell plc (NYSE:SHEL)

Marks Group Wealth Management Inc cut its position in Shell plc (NYSE:SHEL) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,349 shares of the energy company’s stock after selling 1,359 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Shell were worth $813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Provence Wealth Management Group bought a new stake in shares of Shell in the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC acquired a new position in shares of Shell in the 3rd quarter valued at about $26,000. Rise Advisors LLC grew its stake in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. increased its stake in shares of Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Shell in the third quarter worth $32,000. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Shell Stock Up 0.5 %

SHEL traded up $0.37 during midday trading on Tuesday, reaching $72.76. 2,117,722 shares of the company were exchanged, compared to its average volume of 4,745,987. Shell plc has a one year low of $55.78 and a one year high of $73.94. 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 company’s fifty day moving average price is $66.85 and its 200 day moving average price is $65.66. The company has a market cap of $234.11 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.22 and a beta of 0.62.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. During the same quarter in the prior year, the business posted $2.76 EPS. As a group, analysts expect that Shell plc will post 8.12 EPS for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is presently 48.59%.

Shell 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.