Boston Partners lessened its holdings in Shell plc (NYSE:SHEL - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 805,528 shares of the energy company's stock after selling 7,963 shares during the period. Boston Partners' holdings in Shell were worth $50,478,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of SHEL. Foster Group Inc. lifted its holdings in Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock valued at $213,000 after purchasing an additional 162 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after buying an additional 169 shares during the last quarter. Klingman & Associates LLC raised its holdings 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 valued at $214,000 after acquiring an additional 170 shares during the last quarter. RHS Financial LLC boosted its stake in shares of Shell by 3.1% in the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company's stock worth $355,000 after acquiring an additional 173 shares during the last quarter. Finally, Doliver Advisors LP increased its position in shares of Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company's stock worth $228,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SHEL. Piper Sandler dropped their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. TD Securities increased their price objective on shares of Shell from $81.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company cut their price target on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $79.48.
Check Out Our Latest Stock Analysis on SHEL
Shell Trading Up 0.5 %
Shares of NYSE:SHEL traded up $0.32 during mid-day trading on Monday, reaching $71.33. 4,391,995 shares of the company were exchanged, compared to its average volume of 3,964,665. The firm has a market cap of $215.69 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 0.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm's 50-day simple moving average is $67.05 and its 200 day simple moving average is $66.22.
Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 EPS for the current year.
Shell Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid 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 4.02%. The ex-dividend date of this dividend is Friday, February 14th. Shell's dividend payout ratio is presently 56.97%.
Shell Profile
(
Free Report)
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.
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