SeaCrest Wealth Management LLC Sells 3,474 Shares of Shell plc (NYSE:SHEL)

SeaCrest Wealth Management LLC trimmed its holdings in Shell plc (NYSE:SHEL) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,858 shares of the energy company’s stock after selling 3,474 shares during the period. SeaCrest Wealth Management LLC’s holdings in Shell were worth $2,160,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SHEL. Provence Wealth Management Group bought a new position in shares of Shell during the third quarter worth approximately $26,000. VisionPoint Advisory Group LLC bought a new stake in shares of Shell in the third quarter valued at about $26,000. Rise Advisors LLC increased its position in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 189 shares during the period. Headlands Technologies LLC bought a new stake in Shell in the 3rd quarter valued at about $32,000. Finally, Fortis Group Advisors LLC bought a new position in shares of Shell during the third quarter worth approximately $32,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SHEL shares. BNP Paribas downgraded Shell from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 13th. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Shell Price Performance

NYSE:SHEL traded up $0.28 during trading hours on Thursday, hitting $67.04. The company’s stock had a trading volume of 2,863,829 shares, compared to its average volume of 4,657,795. The company has a market capitalization of $218.69 billion, a P/E ratio of 11.84, a PEG ratio of 2.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a twelve month low of $55.78 and a twelve month high of $68.74. The stock has a fifty day simple moving average of $64.10 and a 200-day simple moving average of $64.84.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The firm had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter in the previous year, the firm posted $2.76 earnings per share. On average, analysts anticipate that Shell plc will post 8.25 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Thursday, February 15th. Shell’s payout ratio is 48.59%.

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 necessary to deliver gas to market.