Amundi Cuts Position in Shell plc (NYSE:SHEL)

Amundi decreased its stake in Shell plc (NYSE:SHEL - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,256,270 shares of the energy company's stock after selling 224,790 shares during the quarter. Amundi owned approximately 0.07% of Shell worth $146,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHEL. Foster Group Inc. grew its position in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after purchasing an additional 162 shares in the last quarter. Warther Private Wealth LLC grew its position in shares of Shell by 5.5% during the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after purchasing an additional 169 shares in the last quarter. Klingman & Associates LLC grew its position in shares of Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after purchasing an additional 170 shares in the last quarter. RHS Financial LLC grew its holdings in Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company's stock valued at $355,000 after buying an additional 173 shares in the last quarter. Finally, Doliver Advisors LP grew its holdings in Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company's stock valued at $228,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Friday, January 3rd. Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Wells Fargo & Company lowered their price objective on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $79.11.

Shell Trading Up 1.5 %

Shares of SHEL stock traded up $1.04 on Friday, reaching $68.78. 3,571,766 shares of the company's stock were exchanged, compared to its average volume of 3,943,931. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $209.17 billion, a PE ratio of 13.70, a P/E/G ratio of 0.98 and a beta of 0.47. The company's fifty day simple moving average is $66.35 and its 200 day simple moving average is $66.32.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Friday, February 14th. Shell's dividend payout ratio (DPR) is presently 56.97%.

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.