Courier Capital LLC Lowers Stock Holdings in Shell plc (NYSE:SHEL)

Courier Capital LLC decreased its position in shares of Shell plc (NYSE:SHEL) by 47.3% during the first quarter, HoldingsChannel reports. The firm owned 6,928 shares of the energy company’s stock after selling 6,215 shares during the period. Courier Capital LLC’s holdings in Shell were worth $464,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHEL. VisionPoint Advisory Group LLC bought a new stake in shares of Shell in the third quarter worth about $26,000. Rise Advisors LLC grew its stake in shares of Shell by 84.4% in 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 last quarter. Valley National Advisers Inc. grew its stake in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after purchasing an additional 283 shares during the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the last quarter. Finally, Fortis Group Advisors LLC purchased a new stake in Shell in the third quarter worth about $32,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 1.0 %

NYSE SHEL traded up $0.74 during mid-day trading on Friday, reaching $72.18. The stock had a trading volume of 3,686,411 shares, compared to its average volume of 4,381,508. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. Shell plc has a 1 year low of $58.14 and a 1 year high of $74.61. The stock has a market cap of $229.51 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.79 and a beta of 0.60. The company has a fifty day moving average price of $71.51 and a 200 day moving average price of $67.48.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The business had revenue of $74.70 billion during the quarter, compared to the consensus estimate of $88.03 billion. On average, research analysts expect that Shell plc will post 8.55 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, May 17th were given a dividend of $0.688 per share. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.81%. Shell’s payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Argus lifted their target price on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, TD Securities lifted their target price on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

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.