Mount Yale Investment Advisors LLC Cuts Holdings in Shell plc (NYSE:SHEL)

Mount Yale Investment Advisors LLC decreased its holdings in shares of Shell plc (NYSE:SHEL) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,323 shares of the energy company’s stock after selling 528 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Shell were worth $709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Fortitude Family Office LLC bought a new stake in Shell in the third quarter worth $30,000. Valley Wealth Managers Inc. purchased a new stake in shares of Shell in the third quarter worth approximately $33,000. Brooklyn Investment Group purchased a new position in Shell during the 3rd quarter valued at $35,000. GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new position in Shell in the 4th quarter worth about $40,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.8 %

Shell stock opened at $64.61 on Wednesday. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The business has a fifty day moving average price of $64.19 and a 200-day moving average price of $67.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock has a market capitalization of $197.53 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Equities research 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 Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHEL. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, January 3rd. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank lowered their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shell has an average rating of “Buy” and a consensus target price of $79.69.

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.