Shell plc (NYSE:SHEL) Holdings Trimmed by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its holdings in Shell plc (NYSE:SHEL) by 29.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,700 shares of the energy company’s stock after selling 2,400 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Shell were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in SHEL. Provence Wealth Management Group acquired a new position in Shell in the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Shell during the third quarter worth $26,000. Rise Advisors LLC lifted its holdings in shares of Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares during the last quarter. Valley National Advisers Inc. boosted its position 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 purchasing an additional 283 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Shell during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Shell Price Performance

SHEL opened at $73.27 on Friday. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $235.75 billion, a P/E ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. The stock has a fifty day moving average of $67.62 and a 200-day moving average of $65.87.

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

Shell Announces Dividend

The business also recently disclosed 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 of this dividend was Thursday, February 15th. Shell’s payout ratio is presently 48.59%.

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.