Kestra Advisory Services LLC Has $3.79 Million Stock Holdings in Shell plc (NYSE:SHEL)

Posted by Defense World Staff on Apr 19th, 2023

Kestra Advisory Services LLC cut its holdings in Shell plc (NYSE:SHEL – Get Rating) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,578 shares of the energy company’s stock after selling 774 shares during the quarter. Kestra Advisory Services LLC’s holdings in Shell were worth $3,792,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SHEL. TD Capital Management LLC bought a new position in Shell during the third quarter worth $27,000. Worth Asset Management LLC bought a new position in Shell during the fourth quarter worth $27,000. Standard Family Office LLC bought a new position in Shell during the third quarter worth $31,000. Penserra Capital Management LLC bought a new position in Shell during the third quarter worth $35,000. Finally, Godsey & Gibb Inc. bought a new stake in Shell in the 3rd quarter valued at $36,000. 7.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the topic of several analyst reports. AlphaValue raised shares of Shell to a “reduce” rating in a report on Tuesday, February 28th. Wolfe Research lowered shares of Shell from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 12th. The Goldman Sachs Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Monday, February 27th. Morgan Stanley downgraded shares of Shell from an “equal weight” rating to an “underweight” rating in a research note on Thursday, February 9th. Finally, Berenberg Bank boosted their target price on shares of Shell from GBX 2,900 ($35.89) to GBX 3,000 ($37.12) in a research note on Friday, February 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Shell presently has an average rating of “Hold” and an average price target of $2,879.86.

Shell Stock Up 0.7 %

Shares of NYSE:SHEL opened at $61.91 on Wednesday. The company’s fifty day moving average is $59.69 and its 200-day moving average is $57.35. The company has a market capitalization of $215.78 billion, a PE ratio of 5.42, a P/E/G ratio of 0.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.37. Shell plc has a 52 week low of $44.90 and a 52 week high of $62.75.

Shell (NYSE:SHEL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The energy company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.66. The business had revenue of $101.20 billion for the quarter. Shell had a net margin of 10.95% and a return on equity of 21.08%. Equities research analysts predict that Shell plc will post 9.31 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 27th. Investors of record on Friday, February 17th were given a dividend of $0.575 per share. This is an increase from Shell’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, February 16th. This represents a $2.30 annualized dividend and a yield of 3.72%. Shell’s dividend payout ratio is 20.14%.

Shell Company Profile

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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.