Bank of Montreal Can Increases Holdings in Shell plc (NYSE:SHEL)

Bank of Montreal Can increased its position in Shell plc (NYSE:SHEL - Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 707,033 shares of the energy company's stock after buying an additional 24,888 shares during the quarter. Bank of Montreal Can's holdings in Shell were worth $44,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Valley National Advisers Inc. increased its position in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after buying an additional 400 shares during the period. CoreFirst Bank & Trust bought a new position in shares of Shell in the 4th quarter worth $28,000. Human Investing LLC acquired a new position in Shell during the 4th quarter valued at about $31,000. Millstone Evans Group LLC purchased a new stake in shares of Shell in the fourth quarter worth approximately $36,000. Finally, Summit Securities Group LLC boosted its position in shares of Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Shell Price Performance

Shares of NYSE:SHEL traded up $0.48 during trading on Monday, reaching $62.57. The company had a trading volume of 1,362,334 shares, compared to its average volume of 4,294,039. Shell plc has a 12 month low of $58.55 and a 12 month 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 $189.20 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. The company has a fifty day moving average of $67.56 and a two-hundred day moving average of $66.20.

Remove Ads

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

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.58%. Shell's dividend payout ratio (DPR) is 56.97%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SHEL shares. Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Scotiabank decreased their price objective on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday. Finally, Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $77.73.

Shell 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.