Causeway Capital Management LLC Sells 325,502 Shares of Shell plc (NYSE:SHEL)

Causeway Capital Management LLC lowered its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 97.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,132 shares of the energy company's stock after selling 325,502 shares during the quarter. Causeway Capital Management LLC's holdings in Shell were worth $635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in Shell in the fourth quarter worth $28,000. Valley National Advisers Inc. boosted its holdings in shares of Shell by 930.2% in the 4th 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 last quarter. Human Investing LLC bought a new position in Shell during the fourth quarter valued at about $31,000. Millstone Evans Group LLC purchased a new stake in Shell during the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC boosted its stake in Shell by 50.0% in the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Scotiabank dropped 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, April 11th. TD Cowen lowered their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Finally, Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell has an average rating of "Buy" and an average target price of $77.73.

Shell Trading Up 1.5 %

Shares of SHEL traded up $0.98 during trading hours on Friday, hitting $65.01. The company had a trading volume of 4,511,560 shares, compared to its average volume of 4,301,172. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.61. The stock's 50 day moving average price is $67.31 and its 200 day moving average price is $66.12. The firm has a market cap of $196.58 billion, a P/E ratio of 12.95, a P/E/G ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results 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 return on equity of 12.75% and a net margin of 5.57%. On average, research analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.41%. Shell's payout ratio is currently 56.97%.

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.