NTV Asset Management LLC Sells 1,001 Shares of Shell plc (NYSE:SHEL)

NTV Asset Management LLC lowered its stake in shares of Shell plc (NYSE:SHEL) by 12.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,757 shares of the energy company’s stock after selling 1,001 shares during the period. NTV Asset Management LLC’s holdings in Shell were worth $445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEL. FMR LLC lifted its stake in shares of Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Shell by 162.9% in the 3rd quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock valued at $113,538,000 after buying an additional 1,092,670 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after acquiring an additional 848,104 shares in the last quarter. L1 Capital Pty Ltd lifted its position in Shell by 188.7% during the third quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after acquiring an additional 800,365 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Shell by 7,154.1% in the third quarter. Lazard Asset Management LLC now owns 785,622 shares of the energy company’s stock valued at $50,578,000 after acquiring an additional 774,792 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SHEL. TD Securities increased their price objective on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company upped their price objective on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Friday. Finally, TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Shell Stock Performance

Shares of SHEL stock traded up $0.26 during mid-day trading on Friday, reaching $72.37. The stock had a trading volume of 4,407,390 shares, compared to its average volume of 4,739,239. Shell plc has a 1-year low of $55.78 and a 1-year high of $73.94. The firm has a market cap of $232.86 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.72 and a beta of 0.59. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average is $68.43 and its 200-day moving average is $66.01.

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 net margin of 5.83% and a return on equity of 13.78%. 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 company earned $2.76 EPS. On average, research analysts forecast that Shell plc will post 8.22 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is 50.74%.

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.