Financial Management Professionals Inc. Sells 573 Shares of Shell plc (NYSE:SHEL)

Financial Management Professionals Inc. reduced its stake in Shell plc (NYSE:SHEL) by 13.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,805 shares of the energy company’s stock after selling 573 shares during the quarter. Financial Management Professionals Inc.’s holdings in Shell were worth $255,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its holdings in shares of Shell by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after buying an additional 477,432 shares during the period. Morgan Stanley increased its stake in shares of Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares during the period. Wellington Management Group LLP boosted its stake in Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after purchasing an additional 848,104 shares during the period. Franklin Resources Inc. increased its position in Shell by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after buying an additional 143,910 shares during the period. Finally, Mawer Investment Management Ltd. lifted its holdings in shares of Shell by 19.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after buying an additional 885,069 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SHEL. Wells Fargo & Company cut their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Argus boosted their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, TD Securities raised their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.25.

Shell Stock Up 1.0 %

NYSE SHEL opened at $72.18 on Friday. Shell plc has a 1-year low of $58.14 and a 1-year high of $74.61. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $71.51 and its two-hundred day moving average is $67.57. The company has a market capitalization of $229.51 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.82 and a beta of 0.60.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The firm had revenue of $74.70 billion for 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%. Equities analysts forecast that Shell plc will post 8.55 earnings per share for the current fiscal year.

Shell Increases Dividend

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

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.