Atlas Capital Advisors LLC Sells 761 Shares of Shell plc (NYSE:SHEL)

Atlas Capital Advisors LLC decreased its stake in Shell plc (NYSE:SHEL) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,743 shares of the energy company’s stock after selling 761 shares during the period. Atlas Capital Advisors LLC’s holdings in Shell were worth $318,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new position in Shell during the third quarter worth about $26,000. Rise Advisors LLC grew its stake in Shell by 84.4% in the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 189 shares in the last quarter. Valley National Advisers Inc. raised its holdings in Shell by 217.7% during 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 during the period. Beaird Harris Wealth Management LLC boosted its holdings 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 acquiring an additional 385 shares during the period. Finally, Fortis Group Advisors LLC purchased a new position in shares of Shell in the third quarter valued at $32,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

NYSE SHEL opened at $71.44 on Friday. The company has a market capitalization of $227.16 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.79 and a beta of 0.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. Shell plc has a 52-week low of $58.14 and a 52-week high of $74.61. The company has a fifty day moving average of $71.51 and a 200-day moving average of $67.48.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The firm had revenue of $74.70 billion during the quarter, compared to analysts’ expectations of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. As a group, equities research analysts predict that Shell plc will post 8.55 EPS for the current fiscal 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 paid a $0.688 dividend. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.85%. Shell’s dividend payout ratio is 50.74%.

Analyst Ratings Changes

Several research analysts have commented on the company. Argus lifted their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company decreased their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, TD Securities raised their price target 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

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.