Crescent Sterling Ltd. Trims Stake in Shell plc (NYSE:SHEL)

Crescent Sterling Ltd. lowered its holdings in Shell plc (NYSE:SHEL) by 16.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,477 shares of the energy company’s stock after selling 3,470 shares during the quarter. Crescent Sterling Ltd.’s holdings in Shell were worth $1,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its holdings in shares of Shell by 14.7% in the 4th quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock valued at $693,000 after buying an additional 1,348 shares during the period. FMR LLC raised its holdings in shares of Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Shell by 5.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock valued at $7,228,000 after buying an additional 6,138 shares during the period. LPL Financial LLC raised its holdings in shares of Shell by 11.0% in the 3rd quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock valued at $40,771,000 after buying an additional 62,792 shares during the period. Finally, Synovus Financial Corp raised its holdings in shares of Shell by 16.2% in the 3rd quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock valued at $4,594,000 after buying an additional 9,924 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

Shell Stock Down 2.0 %

NYSE SHEL traded down $1.44 during trading hours on Tuesday, hitting $71.68. 4,276,608 shares of the company were exchanged, compared to its average volume of 4,703,892. The company has a 50 day moving average of $67.97 and a two-hundred day moving average of $65.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The firm has a market cap of $230.64 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.74 and a beta of 0.62.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The company had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same quarter in the prior year, the business earned $2.76 EPS. Equities research analysts anticipate that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 annualized dividend and a dividend yield of 3.69%. Shell’s dividend payout ratio is currently 48.59%.

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.